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All Forum Posts by: Guy Idan

Guy Idan has started 16 posts and replied 41 times.

Post: Are there any securities in Syndications

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25

Hey.

As a real-estate newbie, would love to hear your perspectives on this and learn. 

My question is - Is there any security for the LP when investing in a syndication? Meaning that if I go buy a 4plex for example, I have control and own the house. I paid $500K but I have a 4plex as a security against the $500K I paid, so as long as the property value doesn't go down due to some major economic crash, my $500K are safe in the house.

However when looking at syndications, if I put that same $500K and just as *one* example the GP is going bankrupt, from my understanding, I just lost $500K. 

Is that the case or am I missing things? 

Would appreciate your look on this.

Best,

Guy.

Post: Recommended Syndication Companies?

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25
Originally posted by @Dennis Maynard:

@Guy Idan this is a really tough question cause Syndications can be both large and small, local and national. I have seen Ashcroft and have not heard anything ill of them. There are other companies out there that are not syndications but REITS that can be an alternative as well. I like FundRise.com. Great company that started out as crowd funding and transitioned into a REIT. They are a private REIT, but run by some really strong experience from around the company.

That said, I have been starting the process of putting together my own syndications.  I have a background in Hotel Development and am a real estate broker.  I would be considered small at this point.  I'm basically going to be targeting rehabs and potential long term development plays or retail cash flow plays.  LA is transitioning right now.  I intend to start small, $3-5M deal size and work up.

This would be an example of smaller deals for syndication.  Due to the cost, that is about the bare minimum. You can go smaller, but it depends on the deal.  As always, doing research on each group is important.   

Does this help?  What companies are you looking at?  I'd be happy to share knowledge.

Hey Dennis.

Thanks for the comment.

I'm looking mostly at larger syndications deals (150+ units, multi family), doesn't really matter where exactly, as long of course that it's a good, quality location. 

Thanks!

Post: Recommended Syndication Companies?

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25
Originally posted by @Stephen Brown:

I'd recommend talking to Jeffrey Donis here on BP. Good guy. Very knowledgeable. I can put you in touch if needed.

 Thank you for the recommendation 

Post: Miami, FL - Looking for my first multi-family deal...

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25

Hey.

I'm from Miami as well and learned after 6 months of analyzing tons of deals, that on-market straight-up simple cashflowing deals can be challenging to find here in Miami (Can find some in Little Havanna maybe), however depending on the capital you have and the number of units you are interested in, Broward county (Hollywood and above) can be much more solid. 

Another option that may be suitable if you're comfortable with, is to invest in a "long-distance" property and manage from far.

Post: Recommended Syndication Companies?

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25

Hey all.

I'm looking to invest in 4-6 syndications in the next 6 months, and would appreciate receiving recommendations on syndication companies that are known, and trustworthy, and preferably that you worked with. 

I know and am aware there's no guarantee, however since I'm pretty new in the real estate game, I'm not too familiar with syndications companies, and it's important for me to invest with a company that has been around AT-LEAST 5+ years, which seems to be not so common right now to what I'm finding. 

I did just invest with Ashcroft Capital, which from learning about Joe and Ashcroft, looks like a solid company. Would be great to receive recommendations for other companies such as them.

Thanks!

Guy.

Post: How to find partner for syndication business?

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25
Originally posted by @Benjamin Aaker:

@Guy Idan also complete your Bigger Pockets profile. A lot of potential partners might miss you as they don't know where you are located. I found a great partner on BP who lives in the same area. We talked a while on the site and later had a meetup.

Great tip. Thank you.

Thank you to all other comments as well

Post: How to find partner for syndication business?

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25

Thanks for the valuable comments!

Post: How to find partner for syndication business?

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25

Hello.

I know Biggerpockets doesn't allow to post "looking for partner" posts, so would appreciate hearing from you experienced guy's how would you go about finding a suitable partner and how did you find your partner?


Would be happy to hear your feedback on how would you go about this if in my shoes?

Best and thank you!

Guy.

Post: New investor in Miami. Looking to meet and network.

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25

Thank you for all the comments and welcomes!

Looking forward to speaking and meeting you!

Post: New investor in Miami. Looking to meet and network.

Guy IdanPosted
  • Investor
  • Miami, FL
  • Posts 46
  • Votes 25

Hey @Gianni Cabral and @Robert F.


Thanks for leaving a comment! I sent you both messages. Let's connect :)