All Forum Posts by: Percy N.

@David Calme many 506(b) syndications use "self certification" of accreditation status.

I believe for 506(c), the verification onus is on the syndicator.

Some 3rd party verification sites require the investor to "re verify" every 3-4 months, which can be a pain.

@Jay Hinrichs, that is a good idea. One would have to think through the potential liability issues.

There are some invite only accredited investor groups (not sure I am allowed to mention the name) that informally share DD. I also belong to an Angel investor group that "syndicates" investments in early stage companies.

Not sure what an investor would be willing to pay for a service such as this, but I am sure the return would be higher if we can participate as equity partners in the deal. I think many syndicators offer coaching programs as a deals to increase deal-flow.

@Barry Je, @Michael Le pretty much nailed it.

I would say you could also get the help needed by partnering with an experienced sponsor.

Looks like a great event @Dave Van Horn, hope to be there!

Folks in Montgo may also be interested in the DIG (Diversified Investor Group) meeting who's Montgo/Chester county subgroup meets once a month in Oaks.

Other subgroups meet in Conshohocken, Philly and the main meeting takes place in Ambler.

 Orita, I was faced with the a very similar question a few years ago, the answer is more complex and depends on your goals, so I decided to write a blog post about it to shed some light on the criteria I used in FInding a good home for my capital  - https://www.biggerpockets.com/blogs/10305/67660-fi...

As for leverage, I too purchased properties all cash in the beginning, but in retrospect, I would use some leverage, not crazy amounts but something you are comfortable with, for me that would be around 60-70% ARV. A cash offer may help you get the deal but a hurts your IRR, so a compromise might be refinancing a few months after purchase (use a commercial loan or wait for the seasoning period).

Cheers

Percy

@Ashvin Dewan, does the entire parcel of land need to be sold or can it be sub-divided so that you can sell a portion and take additional risk with a portion?

It sounds like you are very bullish on the future value of the land, in which case I would just wait it out to see if the equity split improves or tell the lead builder you are considering other offers with better terms.