All Forum Posts by: John P.

Quote from @Jenny Zhang:

Quote from @John P.:

Quote from @Jenny Zhang:

How you get yourself feel comfortable with invest in Syndications? I am struggling a little with it since I am not seeing the real documents used for underwriting and etc. So all the document presented are put together with a team I never worked with before.  Granted they all have podcast...   

There was once I was really close to invest in one of the Brandon Turner's deal last year, but I stopped.  If you have experience with his syndication projects, do you mind share how they are doing? 

Really appreciated.

 I have invested in a few of Open Door Capital's investments (Brandon Turner) and so far so good.  It's pretty early though.  Need to get through a recession to really know!   My feeling is you do all the due diligence you can on the syndicator as a starting point but I am not looking for a job.  You do what you can on the deals but my goal is to utilize someone else's knowledge and work.  I am paying them a fee.  I would like to avoid a Bernie Madoff type situation but beyond that I diversify and hope that mailbox money continues!  :)    This works for me but perhaps not everybody.

 Thank you John.  My trouble is that I am very hands on and like to due diligence myself.  So I concern is how can you know the document/underwriting presented to you are all truth.  This is not me not trusting people.  The hurdle is how to meaningfully exam the facts behind those document in order to trust it.   I hope I expressed it clearly.  

I understand your question. I do not concern myself with that. Syndications just might not be right for you. I want to do as little as possible with my investments. I enjoy other stuff more. There is inherent risk in this mentality which works ok for me. I diversify syndicators, geographic locations, types of properties, cash flow v growth, etc. For me this works. 

Quote from @Jenny Zhang:

How you get yourself feel comfortable with invest in Syndications? I am struggling a little with it since I am not seeing the real documents used for underwriting and etc. So all the document presented are put together with a team I never worked with before.  Granted they all have podcast...   

There was once I was really close to invest in one of the Brandon Turner's deal last year, but I stopped.  If you have experience with his syndication projects, do you mind share how they are doing? 

Really appreciated.

 I have invested in a few of Open Door Capital's investments (Brandon Turner) and so far so good.  It's pretty early though.  Need to get through a recession to really know!   My feeling is you do all the due diligence you can on the syndicator as a starting point but I am not looking for a job.  You do what you can on the deals but my goal is to utilize someone else's knowledge and work.  I am paying them a fee.  I would like to avoid a Bernie Madoff type situation but beyond that I diversify and hope that mailbox money continues!  :)    This works for me but perhaps not everybody.

Quote from @Chad McMahan:

Quote from @John P.:

I have invested with several syndicators over the past 7 years. Curious if anybody has any others to recommend as I like the idea of being as diversified as possible as I would like to avoid a Bernie Madoff type situation ruining my retirement. :)

In no particular order:

Rise48 - Arizona and Texas multifamily;

Think Multifamily - Texas multifamily; 

Open Door Capital - Texas multifamily; 

Lonestar Capital - Texas multifamily; 

Camino Verde Group - Vegas, Texas and South Carolina multifamily; 

Disrupt Equity - Texas multifamily; 

Garages of America - Texas storage; 

Ashcroft Capital - multiple states.

Others I have heard of but not invested in:

BAM - Indy;

Grocapitus - Arizona and Texas; 

Elevate CIG - currently has a deal in South Dakota; 

Praxis Capital - seems to do a lot in Georgia but currently just has a fund open;

Sunrise Capital - parking lots and multifamily - storage too? 

Wellings Capital - fund; 

ANY OTHERS you recommend? Any input on the above?  I'd love to get into some other sunbelt states besides Texas as I seem to be Texas heavy right now.

Hi John.
Just to make sure we are talking about the same thing, you mean real estate investment funds, which are limited partners + general partners, correct? Not syndications, which are simply groups of investors pooling their money together?

Assuming yes to funds, I'll throw a AZ multifamily hat in the ring: https://capitalgiants.com/

 You say tomato I say tomato.  Thank you for your contribution to the list of whatever you want to call it! :)  I'll check them out.

I have invested with several syndicators over the past 7 years. Curious if anybody has any others to recommend as I like the idea of being as diversified as possible as I would like to avoid a Bernie Madoff type situation ruining my retirement. :)

In no particular order:

Rise48 - Arizona and Texas multifamily;

Think Multifamily - Texas multifamily; 

Open Door Capital - Texas multifamily; 

Lonestar Capital - Texas multifamily; 

Camino Verde Group - Vegas, Texas and South Carolina multifamily; 

Disrupt Equity - Texas multifamily; 

Garages of America - Texas storage; 

Ashcroft Capital - multiple states.

Others I have heard of but not invested in:

BAM - Indy;

Grocapitus - Arizona and Texas; 

Elevate CIG - currently has a deal in South Dakota; 

Praxis Capital - seems to do a lot in Georgia but currently just has a fund open;

Sunrise Capital - parking lots and multifamily - storage too? 

Wellings Capital - fund; 

ANY OTHERS you recommend? Any input on the above?  I'd love to get into some other sunbelt states besides Texas as I seem to be Texas heavy right now.

Quote from @Aaron Campbell:

San Antonio Texas has some one percent deals on the south side. I have had 4 come across my desk in the last month. But they are hard to find and usually need some kind of work. I have seen alot more success hitting the one percent rule if it is a duplex or single family home with an ADU or something like that.

 Texas “1% deals” are a lot different than many other states. Those property taxes are a killer! Run all the numbers. 

Quote from @Eric Cornwell:

You might want to take a look at Delaware Statutory Trusts - might be able to fulfill the need if you’re within the 45 days 

 Ya, DSTs are great for this type of situation. I am replying for the benefit of others, not the OP, as you have to identify within 45 days of the sale closing.

This article about Hughes doesn't sound so great. Hopefully you didn't invest with them. :(

https://renonr.com/2023/05/26/...

Quote from @Chris Seveney:

@John P.

Are they still doing note funds? I know they pivoted to other asset classes.

Sorry. I meant does anybody have information about the company in general good or bad?  I am looking at different companies for some passive income.

Any updates on Aspen Funds?  Good? Bad?

I was seriously thinking about investing in Grocapitus but some of the very strong statements on here scare me.  I think I'll keep looking!  Yikes!