All Forum Posts by: Bobby Shell

The problem with equity related Limited partnerships is that you are chasing returns. You are chasing the upside of the deal, but no one really knows how that will pan out. I would work with syndicators that have a good track record and a guaranteed preferred rate of return with no capital calls.

Agreed. I will no longer be replying to this thread for reasons I can not mention. Good luck to everyone out there.

Bitcoin ETF imminent. It has been the no brainer asset with zero counter party risk for 15 years as of today. Get educated.

Sure real estate hedges against inflation. Bitcoin ends it. Get some, it might catch on.

0 Votes

Quote from @Jim Peret:

Seems like the newest funds are doing good. But I'm in Sunbelt Diversified fund. It's paying nothing. A few other ones in Open Door Capital aren't paying either, but they still get their fees. Some have respect for other people's money and a lot don't.

I’ll put it this way. I trust zero syndicators anymore after money has been mismanaged.

Floating rate will absolutely hurt so many syndicators. Let’s pray rates come down to 5-6 and save them.

luckily these earlier funds are starting to sell assets. But the high rates could force them to hold longer or reduce exit. As long as capital is returned I’ll sleep at night.

2 Votes

My buddy had a rough experience with BAM. They pitched they were closing 4-5 assets (closed none), then team also said they would lock in debt (its floating, and not happening) - lots of comms were said, many didn't happen. Now that naturally has me concerned because I referred them.

And yes @Jim Peret they are underperforming, but they did return about 11% of capital this month in fund 2 which is good.

I will say this, I will likely NEVER be an LP again. Too many people built their careers in the lowest interest rates in history and have zero clue what they are doing. I am not saying this specifically about these 2 syndicators, but why trust a counter party.

2 Votes

Quote from @Kezia Edmonson:

Quote from @Bobby Shell:

I made the leap finally this last week and wired money to 2 syndication companies and started investing in our first 2 funds.

1. Barrat Assat Management - Indianapolis Indiana (B+, B++, A- multifamily ) - I am fond of this area because it is a logistics hub, Amazon is building a new center here and there are lots of great jobs.

2. Open door Capital - Brandon Turners Mobile Home Park Fund - I wanted to secure an investment in mobile home parks because of many of the obvious reasons that we have all learned about (buy from mom and pop, increase rents, meter water, lots of room to increase NOI, less cap ex, rent the lot & the owner owns the mobile home, etc)

**** I have done due dilligence for over a year on MANY (15+) syndicators and are still doing due dilligence because I plan to invest with more. My goal is to get into 1 new syndication a year, and Lord willing 2 if we can afford it. It was easy to live with a fear mindset in times like these but I trusted the process and am excited to be entering the multifamily, MHP, and commercial world!

I am happy to answer any Q and share my experience with other investors to help them or add value in any way!

Hi, I'm wondering if you could share your experience now that you've been in both funds for aprox 3 years?

How's it working for you? what do you wish was different? If you could go back 3 years ago and change anything, would you (and what would that be)?

I wish I read the fine print and I didn't give BAM the ability to sell assets and rebuy new ones within the same funds.

BAM has been great.

At this point I am not recommending any syndicators at all, I am personally working to get all of my funds back and investing into my personal businesses which have far higher returns.

12% isn't beating REAL inflation. The CPI numbers are manipulated and a moving goal post and there are better risk adjusted returns out there outside of real estate.

0 Votes

Quote from @Scott E.:

Well done. I also credit BP as the source of nearly all of my education when I was first getting started ~11 years ago. Spending time on the forums, listening to those old podcasts with Brandon & Josh. Reading the blog posts. This is an amazing place for real estate education. That's why I spend more time here nowadays after I've found some success. Trying to pay it forward.

I love that brother! Congrats!

1 Vote

Quote from @Alex Roter:

Awesome story, Bobby, sounds like you've been able to take advantage of 1031 exchanges and scaling up. Keep up the good work!

no 1031 exchanges used yet. But yes growing daily.

0 Votes

Quote from @RJ Skinner:

I would if I had the capital!

0 Votes

5 years ago i discovered BP. After a year, I took a dive into a single family and got 2 rentals.

Fast forward 4 years later, I am an LP in 6 commercial deals, and a GP in 2 deals closing this month. This community and forum have been the most life-changing resources for me when it comes to creating passive tax-free income.

This is my personal proof that this forum is amazing. My first posts from 3 years ago still get me DM's often with new investors asking questions and seeking to learn more. Being engaged and taking action leads to great results.

Stay relentless and encouraged. You are on the right track to achieve your financial dreams. There are STILL deals out there. It requires work and a quality team. Wishing everyone the best in Q4!

9 Votes

Quote from @Andrew Angell:

So just a little update on my experience so far. Sadly, it's not good.

I signed my commitment to BAM on 12/16/21. I have yet to receive a single payment.

For 5 months now they've been telling me "fund II will close at the end of the month and you'll get your first payment ~45 days after that."

They're responsive, but they're always giving me reasons (ie. excuses) they weren't able to close. The reasons do (kind of) make sense, but hey, you took my cash and you're supposed to be paying a preferred rate on it, and I've got nothing. Anybody else caught in this mess with Fund II?

EDIT: To clarify, I signed my commitment in December with the expectation based on their feedback that capital call would be very shortly after, and it would be closed to start payments by Feb at the latest. They didn't do a capital call until March when I was told it would close at the end of April. Then I was told it would close at the end of May. Haven't heard any updates to know if that's actually happen this time or not.

This is my first syndication. Is this par for the course?

This happened when I invested with Kevin Bupp it’s common but you should ask

0 Votes

Quote from @Marty Summers:

@Bobby Shell I just wired 300k to BAM Capital A series 10% fund. Looking to wire 500k more... I am 51 years old and this is my income. Just sold 709k of properties. I also have 209k with REM Capital...another good operator.

they have been great

Can you give me your experience with BAM over the years?

Thanks

-Marty

0 Votes

All Forum Posts by: Bobby Shell

Bobby Shell has started 18 posts and replied 152 times.

Post: Wired money to BAM & Open Door Capital

Post: Wired money to BAM & Open Door Capital

Post: Wired money to BAM & Open Door Capital

Post: Wired money to BAM & Open Door Capital

Post: 5 Years - the greatest journey of my life

Post: 5 Years - the greatest journey of my life

Post: Trusting Sunrise (Kevin Bupp and Brian) with my LP investment

Post: 5 Years - the greatest journey of my life

Post: Wired money to BAM & Open Door Capital

Post: Wired money to BAM & Open Door Capital