All Forum Posts by: Jackson Babcock

Ashcroft Capital has a strong presence in the DFW area and Joe Fairless puts out lots of content about multifamily and syndications.  This could be a good resource for you.  Good Luck. 

Tell your friend to check out Joe Fairless’s book ”Best Ever Apartment Syndication Book”.  It’s very informative. 

@Peter Fuentes

Here are two blog post by Joe Fairless that could help explain.  Joe has lots of info out there on the topic and lots of valuable resources.  Hope this helps some.

https://joefairless.com/intern...

https://joefairless.com/calcul...

For me I got started by passively investing in multifamily syndications.  I am an entrepreneur by heart and I was the owner/operator of civil construction company specializing in water and sewer pipelines for cities, towns and municipalities around the state of South Carolina.  Wanting to mitigate taxes and figure out why the rich pay little to no taxes, I stumbled upon the book Rich Dad, Poor Dad.  And wow did it lead me down the rabbit hole of non stop studying, research and learning everything I could about money, taxes, asset classes, and economics.  After researching many areas of real estate, I decided MultiFamily was the avenue I wanted to take.  I liked multifamily for many reasons such as cash flow, economy of scale, taxes, forced appreciation...(I could go on), but I realized I was so busy with my construction company that I wouldn't have time to actively manage and oversee my own properties, so I decided to partner up with a select few operators and park my money with them.  

From the moment I first invested I knew eventually I wanted to be on the GP side of things. So after 15 years of starting and operating a successful construction company, I decided January 1, 2021 I wanted to go full time into real estate investing and start syndicating multifamily deals. So I established a mentor/strategic business partner, along with my business partner Cody Lewis and we have been off to the races this year building out the company. We have been forming those relationships with investors, brokers and building our team with experienced professionals in multifamily. One of the biggest perks of operating a syndication for me is, I really enjoy speaking to other entrepreneurs and investors about real estate. And educating them on what we are doing and that there are other ways of investing than the traditional 401k, IRA, Etc. I have also enjoyed the relationships we have made so far with other people in the multifamily syndication world. It seems to be a close niche group and everyone seems to want to help out. We are looking forward to closing our first deal later this year.

@Frank Boenzi

If you haven’t done so yet...I would recommend contacting a SEC attorney and speaking with them about the laws and the correct way to raise capital so you can stay in compliance. 

@Evan Polaski @Chris Levarek @Justin Goodin

Thank You gentleman for the information. Much appreciated.

@Bryan Mitchell

Thanks Bryan. I will look into them. 

@Arn Cenedella

Thanks Arn! I have investors asking me reccomendations. 

Not only are the prices through the roof but the leads time are hurting many builders.  I spoke to a builder last week and he told me that one of the brand windows they use were 4-5 months out.  Another contractor told me it has been extending his build time 2 plus months.  

Check out Live Oak Bank in Wilmington, NC.  They do SBA loans.