All Forum Posts by: Steve K.

@Matt R. your first mistake is listening to an "Ivy League Dr." 

second is "40% to 60% of population will get the virus and millions will die from it" is not basic math.

third, why say "Not to alarm anyone needlessly" and then state some fuzzy unfounded "expert's opinion and fear-mongering? 

I understand that concerns are higher pitched on the west coast because of the proximity to the far east.

Did you make this up?

Interesting take on this... and probably the most doomsday i've heard ( Ivy League Dr. viewpoint )

If anything, this is very, very polarizing and hopefully there's plenty of lessons learned form this for moving forward , with government preparation... every 4 or 8 years when we have our elections :)

@Steve K why did you say to ignore DM. Just curious .

@Andrew Hogan What is your suggestions for thinking bigger and spreading risk across more doors? REIT?

 The sponsor contacted me in private and was very upset that I shared 'confidential information' from the PPM, and they weren't okay with it. So it sounds like I am 'out of' this opportunity.

I was contacted by other players in this space, they said I did nothing of the sort because I didn't state the name of the sponsor nor did I share a copy of the PPM with anyone. Saying "this anonymous sponsor" has $250K fees for travel and DD isn't a breach of anything, and I'm happy that experienced commercial multifamily operators are telling me this.

If someone is totally comfy with the fees they are charging, I think they would be happy to explain it. Out loud. In public, even. It shouldn't be a big secret. This is just my opinion. Others are welcome to disagree.

I don't really want to get into specifics of their answer, as I am afraid this may upset them further. Potentially, people can deduce who the sponsor is if I talk about the types of deals they are doing? Anyway, out of respect I won't post those details in this venue.

I will only say that their justification kind of made sense, but I am still not totally clear that that entire figure is warranted. So, if I am going based on what @Omar Khan said above, definitely would pass on this particular opportunity.