Three Pillars Capital Group - Experiences?

Question

https://www.threepillarscapitalgroup.com/

Does anybody have experience with this syndicate? It seems that for your capital you are a "KP" or knowledge partner, which essentially a limited partner with more training offered. Looks like most of the investments made are for multifamily properties in the Houston area.

Scott M. · Answer

lol, hate to be mean but those guys are pure wannabe.  I've never seen a company talk such a big game but do so little. I think the Texas term is "all hat, no cattle".

They've done 2-3 deals I think?  Maybe 30 to 50 units?  I saw some of their videos talking about 'buying direct at under market prices' but the prices I've seen them pay (my brother and best friend are brokers in Houston) is WAY WAY high.

But hey, they're using almost 100% OPM so they don't really care what they spend.  They're just trying to get units under their belt to add some credibility.

FINAL NOTE:  I assume the guys that work for the company are nice guys.  They're just like most people on here.  Trying to make some cash in multifamily.  Just don't think they're any more advanced as anyone else here asking how to start wholesaling with no money and if they should get an LLC.  So if you want to do a deal I would suggest just doing one on your own.  I got my first two deals ever done this year and it wasn't as scary as I thought it would be

Steffen V. · Answer

Hi Scott, saw your note about Three Pillars.  You may want to check back in with them to see what they have been up to.  In my opinion, your initial criticism may have been a bit unfair.  I have invested with Three Pillars myself as a Key Principal and could not be more satisfied with my experience.   The gents at Three Pillars certainly deliver and do what they say.   They have the herd of cattle that warrants wearing the hat.

The deal I invested in with them has turned out great and has been providing returns are planned.   And as a result of the relationship I  established with them via that deal, I have since closed on my own deal that was actually sourced and passed on by Three Pillars.  Since then, even additional opportunities have been made available to me, all thanks to Three Pillars and the exposure to multifamily they provided.

I am confident in saying that the Three Pillars team is serious about their business and equally sincere in their commitment to helping other active investors get started in multifamily and/or give passive investors quality projects to participate in.

Their model is different from others (one I prefer more myself) and if you are ready to stop doing training and mentoring programs and get some capital actively deployed and some real deal experience then Three Pillars Capital Group is certainly a company you should check out.

Feel free to pm me if anyone wishes to learn more about my experience with them.

Best regards,

Steffen

Daniel Spear · Answer

My experience with Three Pillars was 100% positive. I signed on to one of their prior deals as a Key Principal. That deal closed at the end of September 2018. It paid 1% in the first quarter after take over. It has paid about 2.75% through the second quarter after take over, so for this calendar year we are well on our way to getting above an  8% return.

The Three Pillars team grouped me with three other KP investors and offered us with an "overflow" deal that was too small for them. While we did most of the work ourselves, they connected us to mortgage brokers, an attorney, insurance brokers and offered timely advice throughout. They also went our of their way to connect us with existing investors. In short, I have never been so thoroughly set up for success in any aspect of my professional life. My partners and myself closed on the building last week and are well on our way to growing our own real estate careers.

Cody L. · Answer

I've met the guys and they're super nice. If they're already at $50m that's super impressive.  Took me MUCH MUCH longer to get to that point.

Ryan Johnson · Answer

What’s the investment required to be a KP? 25 or 50k?

Marina Wong · Answer

@Steffen V. @Daniel Spear   I saw their KP program ad. Do KPs in general have to invest a lot more than regular passive investors? Josh Welch was on the ad and it says he has $50M portfolio, which in apartment building world is not a whole lot, but still respectable number. So these people definitely have experience. Do you know how many KPs they have trained? Anything else you can share about the KP program? Is everything they found in Houston? Thank you.

Cody L. · Answer

Meant to quote the OP. Couldn’t delete?

Cody L. · Answer

Did you end up doing anything with them? Was there a particular property you were curious about?

Regarding the reply above mine. Ouch. I thought those guys were on the site so surprised they didn’t reply.

Anyway.... while they do use OPM, they also have closed a few deals. Including one I was chasing. So they do close.

I personally think they overpay on some properties, but if they’re able to make a return it doesn’t matter what I think of their entry point.

Three Pillars Capital Group - Experiences?

Most Popular Reply