All Forum Posts by: David DeLancey

I am in Contra Costa County and would love to connect with owner's of 4 - 15 unit apartment buildings.  I want to get a list of all the properties that fit this criteria and am happy to pay for it but can't find a good resource.  Any advice?

I'm planning to mail them Starbucks gift cards to increase response rate and hopefully connect with them in person.

Thanks all!

@Ken Naim thank you for your response.  This was really helpful and thoughtful insight.  I think I saw a 12% cap rate in a sea of 5 caps and got a bit crazy.

Would you even stay away from this as a syndicator if you lay out all of the risks to investors?  Given the risk I think I could offer people a 15% pref return but still make a great return.  I work as a CPA and am familiar with the administration of it all but have never actually syndicated a deal myself.

@Charlie MacPherson thank you for the feedback!  I'm like a dog on a bone and am going to go hunting for hard money.

I am a newbie but have been geeking out on NNN property. I came across a 12% cap rate property but it's a Marijuana grower. Big tenant with good industry credibility.

What are the risks here?

Would I be able to find hard money?

I could only scrape together about $100k but this is a $14MM list price.  Thanks all!