All Forum Posts by: Todd Goedeke

@James LauerDo all your bookings direct with no listings on Social Media platforms .

@Clark Stevenson ConC is calculated for each separate RE investment on an annualized basis.

@Clark Stevenson I call a STVR a 10 cap property meaning that a management company will pay via a triple net lease 10% of the construction value of a STVR. Value $500,000 x 10% = 50k income resulting in a 15%+ cash on cash return.

You say you have done well with your investment philosophy over 25 years. What does “ well” mean in terms of ConC return?

@Clark Stevenson with the track record of syndications there is no sane reason for investors to use them for RE investing.

“Win some, lose some”, that’s a pretty cavalier attitude to take when hundreds of thousands of dollars are on the line. There is no need to invest thru syndications when investing directly individually or with a couple partners is available. 
Buy or use new construction to triple net lease to a manager at 10 cap terms.

@Jim Wellingtondoes MSI allow you to include or exclude certain coverages?

@Mike Dymskiif you think a person needs to be a RE financial analyst to evaluate a syndication you are either: A grossly complicating due diligence or B. Making the point that the average RE investor does not belong in a syndication and should invest directly in properties , C an attorney looking to promote his “ ambulance chasing”business .

@John Underwoodthe point is that people are booking properties more so where cleaning fees are already part of an ADR. A $150 rate is not cheap after adding on a $160 cleaning fee and 10-20% platform fee.
Vacationers like full upfront disclosure of costs vs having to muddle thru discovering all extra fees and charges.

@Carlos Ptriawan you mention no such thing as " guaranteed" income. I disagree. It depends on the definition of guarantee. The guarantee can mean income guaranteed by a 3 rd party ( treasury bills, notes, bonds) such as an insured municipal bond or a tenant, NNN lease guaranteed by a tenant or manager with a AAA credit rating.

Terms of a NNN lease can guarantee fixed income plus future escalators. The strength of the guarantee is what is questionable. Syndicators are prohibited from guaranteeing anything and should not state as such.

@Brian Burke please post again the questions every investor should get answers for ( red flags) from the operating agreement and historical experience of general partners.

An investor should not have to read a book to see a checklist of “ dealbreakers” before investing.

@Carlos Ptriawan an additional question is why Bigger Pockets does not print more posts about how to analyze syndications and the red flags involved.