All Forum Posts by: Roni E.

If you had capital you wanted to put to work but you couldn't find deals in your area (South Florida) that fit your business model what would you do? Change your strategy and look to other asset classes? Partner with a proven operator in another market? Lend on some hard money loans? Look for a GP opportunity in a syndication? Sit tight and wait until you can find deals locally again?

I've been struggling to find 5-15 unit value add multifamily deals and even single family flips here in my market. Prices are sky high, inventory is very limited and it's insanely competitive. I need to put some capital to work rather than have it sitting in a savings account.

What would you do in this situation? 🤔

Hello all,

-I started an investing group for physicians. We have 1350 members in just 3 months. The group would like to pool capital and invest in real estate.

-Initially I planned to syndicate myself. I am starting to wonder if doing a "fund of funds" approach and taking the capital and diversifying into 3-5 syndications would be a simpler approach for the first capital raise. It would be a 506(c) so that using our Facebook group and website would be compliant. We have the option of a blind vs semi-blind fund, open or closed, etc. 

-As fund manager I would vet the sponsors and deals and invest the capital for the group, taking a 2% AUM fee and 20% of profits above a certain benchmark IRR. I am thinking our first raise would be somewhere around 1-3million. I do have a website in development and am interviewing investor portal software companies now. I think I could provide a fairly clean investor experience for the docs, who really want to be in real estate but don't want to spend the time with education or hunting for properties.

Has anyone done this before who would be willing to offer some advice?

Good idea, bad idea?

Any tips on the best structure for what we want to accomplish?

Thanks!

Tom Dittrich

Good Day BP.

I'm reaching out for feed back on syndication software and I'd like to know what you use or if you have invested in a syndication... what investor portals stood out to you.  So far I have had demos of Syndicator Pro, Appfolio and have looked at Juniper Square and Investor Management Services (IMS) websites.

Syndicator Pro

1. It's onboarding process is free.
2. It starts at $500.00 plus $100.00 per project afterwards.
3. It has the option to imbed video on most correspondence with investors.
4. Integrates with zapier, calendly and has an investor login portal.(all of them have a portal I assume)
5. Has a hands on demo, 7 day free trial.
6. You can soft touch offerings to generate interest from your investor pool prior to doing a raise. (Love this)
7. Accountants can have a log in to access investors files.
8. Built in signing software (Like docusign)

Negatives: Email templates are limited until the new patch rolls out, can't adjust the bottom of the email templates with social media funnels, key highlights in the pitch deck can't be reordered.

Notes on Appfolio after 2 demo sessions

1. $2000 onboarding fee, $500 a month, plus an increase fee based on capital under management.
2. Limited address use, didn't like Canadian Addresses.
3. Limited video imbeds in the report to investors.  
4. Building reports were limited, and work arounds had to be used for putting images in the reports.  Re-ordering the blocks/workflow for the report meant deleting them and creating them in a proper order.  - Weird
5. CRM seemed to be a bit more robust than other software.
6. NO hands on demo, only a guided presentation... no matter how often I asked, they had a sales rebuttal every time.
7. Pros: Color Scheme felt a bit more vibrant and lively.
8. In house integration as a single solution - why pay for multiple software.

What am I asking from the BP community is if you have any experience raising capital on any other platform and what your feedback would be.  Ideally looking for information on pricing for Juniper Square and IMS.

Cheers