All Forum Posts by: Mike Vann

With all the information available online, and most everyone out there claiming to be “Crushing It” I can definitely understand how it can be both overwhelming and somewhat intimidating to take action.  From looking at your profile it says you’re already house hacking in a 4-plex (4 Flat) so you’ve proven that your able to take action. As a couple others have mentioned, the key now is to define what your end goal is and work towards it.  Figure out WHY you want to invest in RE, what $ income it will take to hit that goal, pick the best vehicle to get you there (you seem to have researched them all) and then work backwards from your end goal all the way down to what small steps you need to take daily that align with your end goal. 
Personally, I’ve driven several RE vehicles and settled on apartment buildings as my ultimate vehicle and syndication as the fuel to turbocharge it to get me to my end goal the quickest. It didn’t come overnight but over 15 years.  Good luck on your journey. 

Let me know if I can be of any help. 

Is the deal a 506(b) or 506(c)?  If a (b), and you don’t have an SEC compliant relationship w/ any of the GPs, I wouldn’t go any further as they are putting the deal at risk of losing the Reg D exemption and jeopardizing the deal. (I am NOT an SEC attorney)  Capital Raisers are utilized by many Syndicators and a lot of them are not doing it in an SEC compliant manor.  There are many opinions on this even within the realm of SEC attorneys. The main thing to remember is that you cannot compensate a Cap Raiser based on the amt raised and they must be an active GP, not ONlY a Cap Raiser.  If the operator is not following the regulations, I would hesitate to invest with them regardless of how good the deal looks on paper.  
If it is a 506(c) then they can advertise but of course they can only take accredited investors. 
We have not used Cap Raisers so far on any of our deals but are looking into it. 
Good luck!

Couldn’t ask for better partners than @Carl S. and Rodney Miller!  This is a great project and I’m even more excited about our current project in Tulsa set to close later this month!!

I'm in Springfield and have several investments here.  TDMI is my Property Management Company that I use.  Doug and Melinda are great to work with and are very knowledgeable on the market.  Brandon West at Springfield First Community bank is a great guy and very helpful and easy to work with.  

James Lea @ Sanford Lea & Assoc

Hey Jian, my wife is a nurse too!  We live in Springfield and have some SF, MF and small apartment investments in Springfield and surrounding areas.  I moved into apartment syndications a couple years ago and am starting to sell off my smaller assets.  Let me know if I can help!

@Kraig Sumpter and others, I believe the Springfield REI meets at the Hilton Garden Inn on the 3rd Thursday of each month.

https://www.reinvestorgroup.com/

IMO, apartment syndications are a safe bet, w/ typically higher returns than you’re looking for as long as you work with a syndicator w/ a proven track record, the asset is in a fundamentally stable/growing market/sub market and you confirm the assumptions used to underwrite the deal.  As long as your ok w/ a 3-7 yr time horizon then syndications can be a great tool to generate tax advantaged cash flow.  

@Jeff Ostrander, PM me if you want to set up a call to learn more.