All Forum Posts by: Marcus House

Hey Anthony I own a few properties in RD and AL.  Feel free to IM me to chat.

Interesting. Do you believe that all capabilities identified in my original post is provided by paid pro membership? If so that would be news to me as never heard that in all the pitches. Would be happy to pay for that two times over.

Good morning. I would like to recommend to the owners of this site that they consider introducing a capability/tool within this site that BTW I would be happy to pay for and I think others would to.

I think it would be a good idea to offer a "Yelp for Syndicators/Sponsors".

The focus of this would be to be a tool that others can both leave feedback on their experience working with the company and read what everyone has to say without having to scrub through a ton of discussion post to see what other are saying if there is any feedback. It will be important that while it would bring a homeadvisor.com value it should not be subscription based for the Syndicators/Sponsors. All cost should be passed to members who wish to benefit from the site. Sponsors are added by members who have actually done deals with the Sponsors. The Star rating can be made up of an average across 5 ratings:

1) How consistently they have made their committed reoccurring payments on time to LPs over Time.

2) Overall historical track record

3) How well they have communicated with their LPs

4) How well and degree of integrity that they do their underwriting

5) How well they manage the property or manage the manager of the property

I think it is important that all the inputs into the star rating are applicable to all companies no matter how long they have been in business.

In addition to reading what others have to say about various Sponsors it would also be great if we had a way to quickly get a list of Sponsors that users of the system can filtered by:

1) Number of years in business

2) Number of deal cycles (purchase through sale of property)

3) Number of units owned under current company

4) Offer Pref rate or not

5) Min Investment required

6) Target multiple over time. Yes I know this will vary from project to project and highly depends on the projected sale date but at least we know what they are targeting as an absolute number. We can get into the details when we follow up with the Sponsor.

7) Historical average total return across all project sold.

These are just my preliminary thoughts so I am open to change and feedback from others.

@Lane Kawaoka, take a sizable cut from who?  Investor or sponsor?

I don't do conferences really and I saw this.  I just jumped right into investing a number of years ago and it is wonderful.  Really would love to hear specifics on value ad if anyone can provide.

If you have never increased rent the time that they are there tell them you were planning on raising the rent as this is standard but would be willing to keep the rent the same if the sign a min of a 2 year lease.  If they cannot accept that which them well and move on.

@Sam Grooms I am curious.  What kind of returns were you experiencing with RealtyShares?

Hello everyone.  

I'm looking for feedback and info on "Three Pillars Capital Group" out of Texas. I have been having a great dialog with them and I would appreciate any feedback especially from others who have partnered with them in the past.  Feel free to ether respond to this or IM me directly.

Will do @Barb F.  Our paths may cross...

May be.  Feel free to reach out to the facilitator

https://www.meetup.com/Woodbridge-Multifamily-Investing-Meetup/