All Forum Posts by: Marty Summers

@Melanie P. You are a troll and know nothing about me. I'm not even in their Atlanta deals. I've been retired for years now as a full time LP.

Grow up...I've given you my phone number just waiting for your call. You are too stupid to call me because you are a troll....not looking for solutions.

@Marco Santarelli. Can you send references now? There is another thread on bigger pockets that would like to hear from them. Good or Bad...right?

@John Jasko

I am in 3 deals with REM and they are all a joke.  We have been frauded and lied to on financing terms while they said they are a conservative underwriter.  There are millions at stake here over their portfolio.



Not sure how they are going to mend the non-fiduciary responsibilities by the KP's. Lots going on here.



I worked hard for my capital in these deals and expect to get it back on deals that were pretty good.  As an investor, I avoided the Atlanta markets.  Hence the reason....but the risks I took were calculated....based on the information provided by the GP's.  Now I find out they didn't tell us that debt terms changed before closing on at least 1 of the deals I know about.



If investors lose here.....the KP's will have a bigger problem. No one is skating on this one!!



@Melanie P. Mel, I appreciate your post and acting smart into something you are not invested into.

As for one of my other operators, I am invested into REM in 3 different deals. They are Class C properties and we've all been hit (temporarily) with interest rates. They are not alone.

You asked a question as to why? Well I am a limited partner and retired on caah flow. I don't run around home depot anymore being active.

Also, like I said in my post, please connect with me and I will respectfully explain over the phone. You might learn something new. In fact, my mobile is 812-454-7088. I look forward to our conversation.

-Marty

@Melanie P.

I need to unpack & clear some things up from your last post for Bigger Pockets viewers.

Im sorry, while your concerns are generalized,  you are obviously not an Investor with BAM Capital or know their Company culture to post your concerns here regarding BAM Capital.



I am in FUND III & FUND IV with well over 1 million invested over both funds. (A 

series shares). I have never missed a monthly payment.  BAM is an outstanding operator with a great Company culture. 



To your point regarding Class A assets:

1.)  Inflation itself in the midwest territories will rise over time at a conservative 3% regardless. Our dollar is losing value so you need to be with a solid operator in institutional assets that cashflow in markets while hedging inflation with tax benefits.  BAM has a 14 year track record to boot.

2.) The midwest markets don't boom or bust either. (i.e Texas).

3.) Fund IV is raising 150 million in equity.  So your point of "just 10%" ownership of BAM is a rediculous comment. Example: If BAM invests  10% of their own capital into Fund IV (of just the equity raise), that is 15 million itself in just one of their funds.

4.) BAM is a conservative operator and understanding of our current economic environment.  Example:  Sitting on over 14 million in cash in just FUND III alone.

5.) BAM Capital is excellent in identifying opportunities with a high "yield on cost" which reflect their experience to operate Class-A properties at much lower costs.  So you cannot just look at industry Cap rates alone unless you understand an operators abilities for higher yield on costs.





BAM Capital is becoming an institutional investment company in multi-family Real Estate with Brokers. They have been ranked, yet again In INC Magazine on its annual Inc. 5000 list. This is the fifth consecutive year that the real estate firm has landed on the prestigious list, this time ranking 3,571 with a three-year revenue growth of 144.5 percent.

If anyone would like to discuss BAM Capital further, please contact me through BP and I would be happy to discuss with you my experience, knowledge and opinions.

-Marty Summers

What is the name of the Operator who flopped?  I want to understand and avoid them in the future.

I am invested into syndications and do this full-time.  The reason? It's because to your point, I use to be the operator of my own rental real estate.  There is too much work and a better way to scale with multi-family.  When you do private equity with a General Partner, there are so many thing you can do in a syndication that you cannot do alone.  Too many good reasons to list here.

I posted my story as to see who has invested with REM and let folks know what is going on if they are looking to invest.. I did not ask for your unsolicited advice on how to invest into syndications.  

How many syndications have you invested with and give me your story so that we can have a constructed conversation here.

I just posted this below in another forum thread:  Did you ever invest with REM?

I am in 3 different deals with REM of 300K total. I started investing with REM Capital back in Feb of 2022. As you can see below of our "hard earned capital" invested into three deals. I can tell you that from the inception dates of our wired capital into REM, we have seen a total of $12.04K back in distributions over around a two year period. As of today, all 3 deals are paused distributions. I trust Robert's expertise going forward but at this point, the proof is in the pudding. I think these properties will turn around in 2024 but this is all prefaced on interest rate cuts by the Fed, I do not like that risk!! We can blame interest rates and I understand how that has impacted MF investments. However, I did not do enough due diligence for myself understanding they only had 2 year rate caps and floating rate debt. I gave too much trust on their conservative approach and how these "great deals" penciled initially on paper. I too, got caught up with the shiny object syndrome. Now I see where they took on too much risk for their debt services.

I sincerely hope things change but if you had to ask me right now, I would accept all of my (300k) capital back if they wired it back to me tomorrow. I have other Syndicators that are doing what they say they do under this interest rate environment. Time will tell.... just wanted to pass along.

Also, is there anyone out here on BP that is invested in any of these deals? If so, Please DM me .... please!

1.) Midwest Deal- 772 Units -- (invested 100K on 2/22) Paused Distributions

2.) Liberty Crossing, NC - 440 Units -- (invested 100K on 2/22) Paused Distributions

3.) Villa Neuva, TX- 306 Units -- (invested 100K on 8/22) Paused Distributions