All Forum Posts by: Kay Kay Singh

The biggest fear in the mind of the potential passive investors is lack of educations and knowledge of the multifamily and syndication process.A lot of syndicators do not take the time to educate the passive investors about   how the process works . Then another reason is that they do not personally know the track record of the syndicator and they can not trust them just by talking over the phone for 15 minutes.

@Cameron Riley I use buildium.com for my property management and this is all in one cloud based software and reasonably priced and has all kind of features and keep improving the software every day.

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@Jake Wiley I started investing in syndication 3 years ago and have invested in 8 syndications so far and I started with Grant Cardone Capital and soon realized that Grant is a great sales person and has a lot of institutional money flowing after him because they do not want to take much risk and happy with low return on their investment,so grant targets institutional money and will definitely take yours too but you will get a low ROI as compared to other smaller syndicators .

@Mike S. A lot of expertise is already given by so many experienced investors and syndicators here.Your best vet would be to learn about the multifamily syndication yourself by either reading some books or listening to a bunch of podcasts, then you will be more confident to invest in the syndication deal and in the learning process you know how to vet a syndicator and there are some articles here on bigger pockets to. Here are some successful ones.

List of Successful Syndicators

1. Joe Fairless - https://www.ashcroftcapital.com
2. Ivan Barratt - http://www.barrattassetmanagement.com
3. Grant Cardone - https://cardonecapital.com
4. Neal Bawa and Jean Marc - http://financial-attunement.com
5. Kira Golden - https://directsourcewealth.com
6. Brian Burke - https://praxcap.com
7. Tag Birge and Andrew Held - ttps://www.birgeandheld.com
8. Brian Adams - http://www.adamsinvestorgroup.com
9. Vinod Chopra - http://moneilinvest.com
10. Chad Doty - https://37parallel.com
11. Kevin Bupp - https://sunrisecapitalinvestors.com (mobile Home Parks)
12. Scot Meyers - https://selfstorageinvesting.com (Self Storage)
13. Hunter Thompson - https://cashflowconnections.com
14. Devin Elder -http://www.djetexas.com
15. Michael Becker -http://www.spiadvisory.com/

I as a LP in syndication deals do care about the equity multiples because I like to see how many years will it take to double my money versus COC and IRR .I do look at these metrics too but for me most important is the the track record of the sponsor and then the actual deal and the market.

@Dean Attali It is not smart unless you have several other streams of income because that should be your rainy day money not a long term investment.I do use it some time but pay it back asap.I can take the benefit of interest write off though if invested in real estate.

@Derek Morrison it depends on the purchase price, size and the location of the property.If it more than a million dollar purchase then you should go for an agency loan otherwise you should try local banks or credit union in that area where the property is located.The bigger banks are hard to deal with for this kind of loans.if you could specify the size and purchase price ,the answers would be more accurate.

@Michael Glaspie you should not be compromising on a SEC attorney since the good one will save you from a lot of other risks too and here are a couple of recommendations who I know a lot of syndicators use for their SEC stuff.

1. https://www.crowdfundinglawyers.net
2. https://syndicationattorneys.com

@Tyler H. As several experts have already given their best opinions but I will also give you my two cents.As you say you have $250K to invest ,there are several options available for you.

1.You can find a good off market small deal from Mom and Dad operators in an emerging market like Dallas ,Atlanta or their suburbs which is going to be a little hard to manage and no economy of sale ,not much tax benefits and so on.

2.You can do a joint venture with some one to get a little bigger property .

3. You can partner with a syndicator in a large property and take all those benefits that you can in a smaller property like onsite property management,Cost Segregation and depreciation etc.

4. You could invest passively in $50K each in 5 different markets and different Operators and diversify among markets and mitigate your risk and still take the benefit of depreciation and scalability etc.

Now it is up-to you what your goals are and where you are in the life cycle and your risk factor.

@Philippe Schulligen Congrats on your first deal and first deal is always the most difficult deal and looks like a good deal . I have some questions.

Did you have investors in the deal?

Are you paying your investors a preferred return in this deal?

Did you pay only 12% down and still Freddie gave 88%LTV?

How did you financially structured the deal, can you please elaborate  on that?