All Forum Posts by: Vessi Kapoulian

@Nicholas Dillon 

Syndications are not for everyone. First, I'd determine whether you like to be active (managing your own portfolio of rentals as you are today) or passive (letting go of control and day to day decisions/operations). Then determine your investment criteria and thesis (minimum returns, risk tolerance, asset class, time horizon). Lastly, if you still decide syndications are appealing, get educated on how to vet the lead sponsor (including deep background checks), the market, and the deal itself (even though some concepts are similar, it is not the same as the single family long term rental analysis). Verify before you trust. A lot of deals can look great on paper. However, poor operations, poor financial assumptions, poor finance structure, or a combination thereof can quickly turn a great deal on paper from hero to zero.

@Caiden Mooney, if you are going to rent the property to third parties you may also be able to use a self-directed IRA to fund. Life insurance might be another untapped source of liquidity to look into (if you have one in place).

 I wish I had come across this post earlier. Unfortunately I unvested with them (via another syndicator). It started well for a short while. They appear to have run into liquidity and cash flow issues currently and worst of all have gone dark and not shared any of the requested financial information. I am hopeful the next scheduled distribution arrives but hope is all I have at this point.

Thank you, @Scott Trench! I feel many LPs are scared to share names out of fear of being sued for slander or defamation, even if such lawsuit threats may be unwarranted. 

I feel really bad for the LP who simply created the post seeking for help and guidance (and as it turns out will lose their entire investment, which it appears the sponsor did not care to notify them about), only to be met with vindictive attitude vs. one of humility and compassion.

Stephen Polk at Solid Properties - https://solidpropertiestn.com

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@Richard Nassour: There are many tools out there - Michael Blank, MFA, Next Level, Synthesis, etc.. It is best to select one and stay with it, especially in the beginning when you are learning. I teach a course on multifamily underwriting too, and have helped many vet deals efficiently and quickly.

Feel free to DM me for more detailed feedback, @Remy Piazza. I am happy to share about my experience.

@Tenzin Samphel, Rod Khleif has a virtual bootcamp coming up. If I am not mistaken, it costs $97 and Rod gives you a ton of value over 2 days - the bootcamp is packed with a ton actionable steps you can take and believe it comes with his book, other free resources, and a 90-day action plan. This would be a good place to get started (this is how I got started and glad I took that step).

There are so many options @Andrew Zhang. 

I would first start by deciding how you want to get involved - actively or passively. Then determine your strategy - cash flow, appreciation, tax deferral. Then decide on an asset class. Once you have narrowed down options and focus, education is a key first step. And eventually taking action. Down the road one can certainly diversify across strategies and asset classes but from my own experience in the beginning focus is key.

Real estate is not a get rich quick scheme, and it will take some time to build that income stream. But it is possible.