All Forum Posts by: Bryan Ayres

Hello T Lee 

I am a managing partner with SolidDoor Investments sorry for the late reply. If you have any questions that I can answer please reach out to me directly. We primarily purchase in Texas, Ok, and AZ markets with a focus on value add with cash on cash-based models. We partner with other great teams with tremendous integrity and conservative projections.

If you are investing in real estate syndication your returns should be closer to 15-19% a year IRR.

You should also use it as a diversification of your portfolio to think of it like a high performing bond.

Keep in mind that most HML's will also require you to have some skin in the game, even if the ARV supports a higher value. In our neck of the woods, it is 10% minimum down to close

@Catherine Coy you would be surprised at the number of employees that also own and invest in apartment complexes (of course not everyone).  Every one of us started somewhere with education and you can go faster with proper education, a mentor, and a sponsor.  Yes you can do it yourself, but sometimes the opportunity cost and time lost trying to piece it together on your own is higher.  All of the sponsors are former students that have gone thru the same training and made it in the industry with thousands of doors.  It is their way of giving back for the opportunity and training they got from Dave's program.  Plus there are a lot of GURU's out there that started with Dave's program.

@Chad Cudworth the main takeaway would be what are you looking to buy. We had a ton of experience fixing and flipping with single family homes but that did not mean anything to Fannie Mae when we purchased our first 68 unit apartment complex. We had a sponsor that had the experience, net worth, and liquidity to qualify for the non recourse loan and mentor us along the way. That is worth more than $5,000 in my opinion to jump from sfh to larger apartments. And Yes, you can still find properties that meet that criteria. Our property was a 10 Cap, 12.1% coc, and 2.1 DSCR in 2018 so they are still out there.

I am looking to purchase a property and the seller owns three apartment complexes in a C Coporation (He got bad advise). He wants to retire and not 1031 exchange the properties, but does not want to pay taxes twice on the sale. He was told that if he changes the C Corp to an S Corp he must wait 5 years to sell the property. (Not sure if that is true)

He is willing to do a seller carry on the deal, but at a C Corp he would still be taxed twice on the portion of the sale every year. Is there any ways to change the C Corp or to an LLC or any other ways he can sell and reduce his tax liability on the sale?

Any help you could give me would be greatly appreciated.

Im interested.  Please email me the details [email protected]