All Forum Posts by: Geoff Garber

Hello,

I am in need of speaking with a 1031 tax specialist in the Texas area.

Looking for a quote to refi a rental property. Current rate 3.75%, with currently $100k+ in equity. Value of property around $375k

@Chase Louderback thanks, just sent you a message

I've got a few off-market deals, but need some assitance with underwriting.  All the other pieces are lined up (investors, sponsors, loan broker, legal, management).  Just want to make sure I am presenting + syndicating a solid deal.

Any referrals or help would be greatly appreciated.

@Alina Trigub thank you for your valuable insight

@Trevor Ewen totally makes sense.  Thanks for the advice

 @Sam Grooms thanks for your response.  Couple questions:

1. What are the typical fees you see for managing a group's investment?  Similar to the syndicator's 1-5% acquisition, 1-2% management, anything on the disposition end?

2. Curious if you have co-sponsored another deal or if you've brought on a co-sponsor for you own deal?  I assume you need to have pretty good rapport either way to join or bring on co-sponsors?

@Brian Burke thanks as well, I was actually listening to your podcast with Joe Fairless earlier.  What's your experience with the typical fees for putting together a group, screening syndicators/deals, etc.?

@Mike Vann  thank you, will shoot you a pm

Say there is a syndicator raising $10M for an apartment complex.

Say I personally have $100k to invest, but there are other friends/family of mine that want to invest, they just don't have the relationship or time to build a relationship/trust with syndicators.

Am I allowed to "sub-syndicate" a group of my own network of investors to invest in the actual syndication?  So, instead of my $100k investment, I can pool together 9 other investors who put in $100k to make our total investment in the deal $1M?

Is this legal?  Is this common?  Do "sub-syndicators" take any fees for having the relationship/trust, presenting the deal, or any other admin tasks?

@Greg Dickerson thank you for the clarification.

I've been told different things from a few syndicators:

If I were to invest as an "active-passive" investor, would I be able to add those units/deals to my portfolio/as a track record if I were to syndicate my own deal later on down the road and needed to get a freddie/fannie loan.

Is this true or not?