I couldn't help but chime in on this as it overlaps in many verticals in my world.
#1 @Taylor L. you addressed the most important point as it relates to the initial post. Grant has opened up a 10K minimum for less sophisticated investors (non-accredited) which opens the discussion of, let's say the 10K minimum has made it attractive for you @Reid Mathews to invest in, I think the question that I have is - what kind of returns are you getting on such a small investment as a limited partner and is it worth your 10K or is it better for you to put it to use individually in a deal of your own and or value add per say? As we know, the more you put down i.e. 50K min for most - the greater your returns are, the question might be is it worth it to invest your 10K and will it give you the best ROI? Just trying to look at it from a different perspective, I've contemplated on the same idea as I have to wear my hat as an investor vs. the fan that I am for Grant.
Something tells me it might depend on how much you put down - figuring out your opportunity cost so to speak. Additionally one thing I'm definitely looking for is to be as actively involved in the syndication as much as it would allow me (here’s my plug). I'd like to be able to pick up the phone and call and ask questions and closely be involved with the sponsor to get educated to one day run my own. My assumptions are that going with Grant may or may not give you that kind of access. Again huge fan of Grant and I have invested in a lot of his material, that goes without saying he is definitely funding his deals with your money and it all depends what YOUR end goal is…the return, versus the credibility with your clients and maybe future partners that you may get by investing with Grant vs. the initial leverage you'd like to use with the money you’re putting in.
#2 @Mark Welp Good for you for being just - I agree, I did some work as an IT consultant / lead business analyst for Financial Advisors about 2 years ago for the Broker Dealer at Voya where I learned a lot about the industry while building their system. Although I am not sure that this is still the case (i am no politician I believe about 2 years ago the Department of Labor initiative forced all advisors to be fiduciary in their trade, now just like any other sales job in the world, whether that holds true ground or not is up to the individual just like a phamarcist prescribing meds or personal trainer selling you his products or real estate agent selling you on a home, loan officers, etc. there are people that have good intentions and some bad in every industry. @Don Konipol let’s give the man a break, and the benefit of the doubt that he does his business with good intentions for his clients and his family - it’s good to see people from different industries looking to educate themselves and investing time to learn and invest in our real estate world.
Any other syndicators worth looking into with greater returns? I’m in Georgia, I'd love to get familiar with the quality players out there, get a deal in exchange for equity. Seems like there are better returns out in our communities minus the clout. Still love Grant though and I guess I’ll see some of you guys at Growth Con this year ;)
