All Forum Posts by: Raymond Hooks

Sounds great! I wish you a successful syndication career when you get started.

Thanks for reaching out to me. I’ve found a couple syndicates that I’m evaluating. Are you a multi-family investor?

Thanks for your feedback Joel. I am a sophisticated investor considering an investment with a syndicate.

Wow! I didn’t think of it like that. At Dollar Stores, there is food and candy that’s normally not found online. Perishable items still require a physical store to be sold in. Also, dollar stores are normally located in communities where a large grocery store is not nearby.

Wow! This is great advice! Thank you!

Hi - I missed this event. Can you please provide your outlook on retail real estate? Specifically, I would like to get feedback on how you expect for dollar stores to perform.

All,

I'm considering a commercial retail real estate investment. As you're aware, many sectors of retail is struggling (i.e. Macy's, Dillards, JcPenny's Sears, Neiman Marcus, etc.). However, I feel that Dollar Stores are high-quality & publicly traded tenants, providing basic goods, even during the Covid-19 pandemic. The Dollar Stores are used by the lower and middle class for convenience items. Most of the stores were declared essential and stayed open during the pandemic. 

Below are some targeted highlights:

7%+ cash on cash return

15%+ IRR

5-15 year leases

I will be reading the earnings/annual reports for the publicly traded companies. I just want to get your feedback on the stability and long-term outlook on this sector of retail. Obviously, I have to perform due diligence on the Sponsor and legal documents. 

All - Thanks for the advice so far. I'm already participating with in one real estate syndication at the moment. I also have read about 25% of the hands-off investor so far.

Thanks for the recommendation on the hands off investor. I’ll definitely read it.

alright send me a message so we can connect.