All Forum Posts by: Jared K.

SOLD

Asking: $765,000 

12 (1 BR Units (700SF) comprised of two 6 Plexs. Large 1 BR Units with exposed brick, and hard wood floors. The property is equipped with central air and separate utilities, Land Lord pays only water and common electric. New exterior steps.Current rents are below market and could be raised "as is". In the last month (8/16/17) a vacant unit was leased for $700 per month for one year. A $200 rent increase in the properties current condition! Laundry on site.

Located in Manheim Park, Midtown Kansas City, MO. Central to Westport, and the Plaza. See linked offer:

Offering

Feel free to contact me or the agent listed in the offering for more information.

@Todd Dexheimer Preach!

When we syndicate an investment we always make sure our investor understands their financial situation and their risk tolerance. In the end this is what we do, and my best advice to any potential investor is for them to run us through the ringer and ask their financial people about our company and the investments. We can be a great company and have a great investment, and you can be a great person. That doesn't mean it is the right investment for you at the right time.

@Shawn C. that is my entire story. I had friends from college who I have always trusted who connected me with people and the company that I now work with. It was a long process that started and ended with a relationship i trusted.

@Johann Jells I guess that would depend on your custodian. The company that I am pretty far in the process with, essentially does what I ask them to do. No more/No Less, but they have the necessary custodial powers to allow me to use my qualified funds. I will probably post and talk about the whole process when  I am finished with it. I have been taught and connected to the process by people I know and trust. That is big to me.

Awesome advice from @Todd Dexheimer ! I only got involved after I did all of my homework and actually knew the people behind the deal. It was NOT a fast process to make the decision and be comfortable.

@Shawn C. Assuming the deal works, I get my principal back, plus my prorata share of any principal reduction, plus my prorata share of any appreciation of the asset. 

A point I should have made above is that entity is still borrowing 65-80% of the purchase price (another bullet for the love list. I am not the one guaranteeing that debt!). 

@Robert DeForge pm me and we can talk some more. Short answer is yes. The group I invest with and work for does both Missouri and Kansas City. Commercial and Multi-family investments.

@Johann Jells IRA's can co-mingle with other funds if you use a custodian that is setup for that purpose. I am in the process of setting this up for my wife and I to invest with qualified funds in the future.

@Paul B. is speaking my language!

I have formed a relationship with and now work for a sponsor who does deals that I love. Let me list why I love syndication, because I think this conversation and dialogue is awesome and I want it to continue. Please, feel free to give feedback or question my assumptions/experiences. That is why I love these forums!

Why I love it:

• My "small money" gets the returns and benefits of the big money because I am in the deal with them.
• 8-10% cash on cash returns for a good passive income base. 
• Average well over 20% in IRR due to principal pay down.
• I don't carry the debt or the risk. I own a percentage of an LLC that owns the property. The organizer of the LLC carries the risk. (I in turn lose some return but VERY worth it to me)
• More doors (commercial or multifamily) means I have a greater buffer from having poor cash flow.
• Truly passive income: Write a check/wire, read a monthly report, ask questions if I have them.
• Specific to who I deal/work with: Not tranched or complicated. My money buys the same amount as the big investor. That mattered to me to know I wasn't getting less return or more risk.
• I get TIME that i wouldn't get if I did it myself. (But then I started doing it full time so kind of moot point!)

What I give up:

• I don't make all the decisions on capital improvements or vendors.
• I lose some of the return percentage others may get because they are managing the deal.
• I am not operating my own money and protecting my own investment. (Needed to really trust and like who I am with.)