Comparing Investment Returns - Factoring In Risk
Wednesday, March 21
My syndication deals are presented to investors using IRR (Internal Rate of Return), an annualized percentage that takes into account the timing of returns. I find that IRR works best to compare across different investment alternatives. But you can't just look at a single number and decide if the...
A Syndicator's Analysis of the Trump Tax Plan
Wednesday, November 08
As you are aware, House Republicans released details of the Trump tax plan known as the "Tax Cuts and Jobs Act" last Thursday. An 82-page summary of the bill prepared by the Ways and Means Committee is available here (full text of the 429-page Bill is available here).I am not a tax professional b...
Does This Syndication Deal “Work”? The RIGHT Return for Every Deal
Wednesday, December 21
[This blog is primarily for real estate syndicators but can be helpful for investors and others interested in syndication. For more information on what a real estate syndicator does, check out my prior blog post.]So, you found a deal but you aren’t sure if it is worthy of bringing to your investo...
Since the SEC Prohibits General Solicitation -Who CAN I Ask To Invest?
Thursday, January 28
Getting an exemption from registration (by doing a private placement) can save you tons of time and money spent with auditors, attorneys and accountants on registration filings. However, private placements are not without their own strict limitations and requirements. One of these regulations is ...
6 Steps To Complete Your First Private Placement Offering
Wednesday, January 20
The following six steps are what I recommend that new syndicators follow in order to complete their first private placement offering.1. First a new syndicator should determine how much money he or she wants to raise. Pick one potential deal (it may go off market in the meantime but pick one that ...
Use of Private Placements to Raise Investment Funds
Thursday, January 14
The life of a syndicator involves a lot of administrative tasks. Frequently I have to review the voluminous legal documents that make up the offering to investors (the investment documents). Sometimes I get a question from an investor or potential investor about private placements. I spent much o...