All Forum Posts by: Brynn Walden

Good Morning All

I am still working on transitioning from an active real estate investor ( SFR portfolio ) to passive investing.

I have invested in one MF syndication with Vanamor in California.

I flew down and met with the principal and toured the property and a numbe r of comps.

Bobby was great and I am hopeful that it will turn out great.

Now I have to place more $$ in January and was hoping to get feedback from members on a couple of syndicators.

1,Sunrise Capital Investors  (Kevin Bupp ).Mobil Home Park funds.

2. Broadstreet Private Equity.

They have several offerings including an infrastructure fund where they develop subdivisions for major national home builders in the Carolinas and Georgia.

They also have started a store n lock fund in partnership with Public Storage , a cryto mining fund and I think a restaurant fund.

I am primarily interested in the infrastructure and store n lock funds.

Also, does anyone have any suggestions on back ground check services?

I have just done a google search at this time.

A shout out to Passive Pockets also....Jims podcasts have been hugely helpful.

Quote from @Chris Lopez:

@Brynn Walden congrats on your portfolio.

As others have pointed out, doing a 1031 exchange into passive investments since syndications are securities, not real property. I have a hard time with the fee structure and low performance of DST's, but they are an option to explore into.

Most sponsors require a $1mm or more to 1031 into a deal. I've worked with a few who will do $500k minimums It's a lot more headache and admin cost.

Sometimes it makes sense to pay capital gains and just invest passively as an LP.

Attached is a spreadsheet I created a for a fourplex that I want to sell. I have a really low basis, so a 1031 is ideal. But the DST fees are a no-go for more. My plan is to 1031 into a passive deal. The spreadsheet shows a deal I looked at for ground up development.

 Thanks Chris,

The spreadsheet is great and the numbers certainly seem better on the exchanges but what kind of asset are you exchanging into and how are you coming up with the 17% and 15% returns?

Thanks Basit!

Just a HUGE! thank you to everyone that is reaching out with suggestions and advice!

It is really helping me to try and get comfortable with this new asset class.

Unfortunately I dont seem to be able to PM.

I will have to reach out to BP to see what the issue is.

Again thanks and thanks!

 Hi John

My PM doesnt seem to work.

I guess I need to try and contact someone at BP.

Plus it will not let me send my email contact.

But perhaps you could try me at my name no spaces ( brynnwalden ) at the big google email provider?

 Hi Ian

My PM doesnt seem to work.

I guess I need to try and contact someone at BP.

Plus it will not let me send my email contact.

But perhaps you could try me at my name no spaces ( brynnwalden ) at the big google email provider?

Chris Seveny

Of course, thanks!

I had my real estate hat on and was not thinking of those RIAs...which I am actually an RIA but I dont work with alternative investments.

Thanks Dave!

And yes, I am finding there are more DSTs that meet my lower individual 1031s.

Do you have any recommendations for DST brokers that may have an investor mindset?

Paul Azad

Thanks Paul, I have applied to join the 506 group and look forward to reviewing that site!

What is a local "RIA" ?

Michael DohertyPREMIUM

#4 Real Estate Deal Analysis & Advice Contributor

• Real Estate Agent
• West Hartford, Ct

Replied 11 hours ago

Hi Brynn - Congrats on working towards retirement! Where are you located?

Doherty Home Team at Keller WilliamsContact

• Real Estate Agent Connecticut (#0814339)

Hi Michael,

I am currently in Cincinnati ,Oh.