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4
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2
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John Ki
2
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4
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Syndication advice in Dallas Forth Worth area

John Ki
Posted

I am considering investing in real estate in Dallas Fort Worth area or surrounding suburbs. Either buy a home (may be new home) and rent it out - but property tax going up, home insurance going up (30%), mortgage rates high, property prices high, then have to manage anything breaking down and I am not good at fixing things so I need to know reliable companies which don't over charge or let management companies take over but they charge 10% and already worried if there will be cash flow in current market.

I was suggested to invest in syndication and have attended few investment presentations. All of them look and sound great on power point presentation. I don't' think they let you see books to verify the numbers being presented especially as a single LP.

Are there any third party advisors/syndicators to evaluate the deal/presentations and help you with what questions to ask to help evaluate a deal, to find out more about track record of GPs running the deal (other than stated by them) and see if it's worth investing?

There is a newly built Class A 47 unit rental property  Sky View at Crawford ( lease up from 0% to hopefully 100% and value add by garage parking, valet trash etc ) by ​Skyview Capital, a DFW based Commercial Real Estate Development and Acquisition company as General Partners. Plan to lease up new property, have tenants with positive cash flow and then sell in 3-4 years as cash flowing business to get buyers once few years data becomes available for the buyers.

GPs are https://www.skyviewre.com/

 Does anyone know the GPs? Any feedback? What due diligence should I do? Can I post terms/details of the deal?

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