All Forum Posts by: Mano Chidambaram

Hi folks

I am getting ready to sell couple of single family rental properties in Indy & had a couple of questions:

1. Do folks typically use listing brokers from the management company that manages the property or other options ?

2. What is the typical listing commission in Indy that people have seen?

Thanks in advance

It is true that a lot of these syndicated deals are for accredited investors only, but there are definitely deals out there if you look hard enough, where they do bring in non-accredited or sophisticated investors, but depending on how the deal is structured, they are typically limited to 35 sophisticated investors. 

@Vasundhara Ranjani Networking at local REIA meetups, conferences & here on BP, is how I came across the syndication teams that I work with. I then started following them on BP, reading articles & blogs that they might have written or podcasts that they have done, talking to other investors who have invested with them before, analyzing their deals at a very detail level to see how conservatively are they underwriting their deals, how long have they been doing this, their performance track history, etc.

After investing in several deals I actually have started partnering with some of them on their deals.

@Holly Williams Awesome job & Congrats on pulling the trigger!!!

I did almost the exact same thing a few years back and going down the same path & yes I wish I had known about syndications long time ago. I started with getting a couple of SFR & within a few months realized that I wanted to scale much faster & found multifamily syndications.

Congrats again.

Agree with all the great advice given so far, especially if you want to be an active investor who wants to take on a hands on roll. There is an alternative option, if you want to be a passive investor, especially if you are an accredited investor, where by you can invest passively in a syndication, which is basically a way of pooling money from investors, which buys, manages & sells the property & you collect quarterly distributions and a portion of the backend profit upon sale of the property. Good luck!!

Is anyone, especially sponsors who are doing syndications, familiar with D&O insurance & do you have a referral for a good insurance agent/broker who deals with these kinds of business insurance? Thank you in advance

This would require an official response from a SEC attorney, but here are my 2 cents

I believe you are comparing apples to oranges. A real estate syndicate is basically a person or group that puts together a deal from acquisition, raising capital, property & asset management, securing debt & final disposition.

A blind pool is a method of raising funds, where in you are not raising funds for a specific project but rather raise funds based on a specific set of criteria of acquisition criteria, i.e. multifamily, storage, office, etc and other factors like geography, risk profile, etc. & then would invest in multiple real estate syndicates that fits the aforementioned criteria. Blind pools are still very heavily controlled by SEC regulations

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Hi Folks

I got my CA real estate agent license a couple of years ago & currently hang my license with a local broker. Going forward, I don't intend on being an active agent buying & selling homes, so my question is, short of giving up my license, is there any option to not pay all the quarterly board dues & broker office fees, E&O, etc., but keep the license in some "reduced" status, so I can still possibly reap the benefits of the real estate professional status for real estate investing. Thanks for any & all input

Hi Folks

I am fairly familiar with the process of vetting commercial, multifamily syndicators(200+ units) & specific deals for my personal investments since I've done several over the past few years. Now I am running a small, private investment firm raising capital from my investors & partnering & investing with multifamily sponsors.

I'd love to hear from folks who are doing something similar, of running private investment firms/funds, of what additional steps that they take, additional data that they request from the sponsor to analyse both the firm & specific deals, process that they go through, etc., to vet a sponsor & specific deals.

Thanks in advance for any input

I did get a video walk-thru but couldn't really tell much from it. Anyway, I am planning to charge the tenant for most of these issues

Thanks everyone for your immediate response. Appreciate it.