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All Forum Posts by: Dan Rowley

Dan Rowley has started 0 posts and replied 197 times.

Post: Ashcroft Capital Syndication

Dan RowleyPosted
  • Investor
  • Cary, NC
  • Posts 203
  • Votes 172

there is a fairly new website dedicated to LP reviews of operators - investclearly.com and I'd encourage those with good or bad experiences to share them so other in the investing community can benefit.  https://investclearly.com/sponsors/ashcroft-capital

Post: First Deal in Need of Second Opinion

Dan RowleyPosted
  • Investor
  • Cary, NC
  • Posts 203
  • Votes 172
Quote from @Brendan Lim:

Hey everyone, 

I'm a first time real estate investor looking to close my first deal in Columbus, OH. I've got a lot of conflicting ideas bouncing around in my head, and I'm afraid I'm falling into analysis paralysis.

Are there any experienced real estate investors in Columbus, OH who would be interested connecting? 

I know that real estate is super specific to the locale, and I'd love to hop on a quick call with someone who has context in the Columbus market.

Without digging too much into the details, I'm under contract for a duplex in the Franklinton area. The units are pretty much turnkey, but my analysis shows that the property will barely break even. In short, this would be an entirely appreciation-based investment.

Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

I feel that I don't have enough experience to know if I could do better or worse. At the same time, I feel that time is against me. People always say the best time to invest in real estate was last year. 


I'm not sure why one would choose to make an (active) investment that is break-even, when there are other (passive) opportunities for RE ownership that can produce cash flows - i.e. private equity/syndications.  just my $.02

Post: Grocapitus - Anyone have experience with them?

Dan RowleyPosted
  • Investor
  • Cary, NC
  • Posts 203
  • Votes 172

there's a fairly new 'syndicator review' site and I'd encourage those in this thread who have invested with them to publish their review:  https://investclearly.com/sponsors/grocapitus-investments

Post: Ashcroft Capital AVAF2 Fund 2 Status - Potential Capital Call?

Dan RowleyPosted
  • Investor
  • Cary, NC
  • Posts 203
  • Votes 172

there is a fairly new 'syndicator review' site and I'd encourage those affected to post their honest, unvarnished reviews: https://investclearly.com/sponsors/ashcroft-capital

Post: Starting in real estate

Dan RowleyPosted
  • Investor
  • Cary, NC
  • Posts 203
  • Votes 172
Quote from @Kevin Bartel:
Quote from @Dan Rowley:

@Kevin Bartel welcome to BP. it's true the SFH or small multifamily rentals barely will pencil anywhere these days for a couple of years now even though it's the best way to really learn RE investing as a beginner. syndication/private equity deals have a much better chance of penciling and providing decent CoC as there are more economies of scale and sophistication at the GP/operating group level in general.

Thanks for reaching out Dan. Are there any groups that you'd recommend working with that you've had success with in the past? 

Cheers!
sure, If you PM i'd be happy to engage in conversation about this.   cheers, Dan

Post: Starting in real estate

Dan RowleyPosted
  • Investor
  • Cary, NC
  • Posts 203
  • Votes 172

@Kevin Bartel welcome to BP. it's true the SFH or small multifamily rentals barely will pencil anywhere these days for a couple of years now even though it's the best way to really learn RE investing as a beginner. syndication/private equity deals have a much better chance of penciling and providing decent CoC as there are more economies of scale and sophistication at the GP/operating group level in general.

Those who do do.  Those who can't, teach

Quote from @Steven Wetherill:

Newly built (2024) duplex in Boiling Springs, SC.

List price: 445,000.

DP: 89,000

Closing: 8900

Total Invest: 97,900

Projected mortgage: 2500

Rent: 1700 per unit, 3400 total

Taxes: 42

Insur: 263

CapEx: 100

Repairs: 100

Vacancy: 100

Total expense: 3105

Cash flow: 295, 3.1% - 6.0% CoC return.


This deal doesn't meet the 2% or 50% rule of thumb, but it has positive cash flow and is in a growing market, according to the latest 2024 Top 100 data from BP. 

What questions should I be asking? What have I missed?


Hi Steve, where did you get your property tax estimate from? Because, it's way too low.  If you own this as a rental then there is not homestead exemption and you'll pay much higher tax rate than a resident/owner occupant in SC.  This is the case in a few states.  reach out to me if you'd like details.  ~Dan

Post: South Carolina Investors

Dan RowleyPosted
  • Investor
  • Cary, NC
  • Posts 203
  • Votes 172
Quote from @Davis Barnes:

Anyone in the South Carolina area and wants to connect?

Hi Davis,
I live in NC but invest primarily in Greenville SC / upstate with my business partners.  Let me know if you'd like to chat.

@Scott Stamps  I'm skeptical of many of these programs but for sure I'd pass on any 'guru' programs where they are struggling to keep their own deals afloat, as ODC is.  There is a lot of public info out there on their funds and how they are (not) performing.