It's all about what kind of life you want and what kind of risk you want to take with your investments.
Someone can be worth 50 million or 1 billion the number does not matter as much as are they living the life they want and happy?
I say this because some syndicators sometimes like to take money from non-accredited investors and newly accredited investors. Those types of investors statistically can be more highly manipulated. They get sucked in by promises of high returns.
Alot of it is bullsh*t and theory. In NNN for example a weak tenant could put out a 9 cap and sign a lease for 15 years. If they go out in 2 years then did you get the 9 cap? You sure didn't. You got a lot of re-leasing and other costs for money losers.
Some syndicators are nothing more than glorified property managers disguised as GP's praying some of the deals work out and limp along.
The newer accredited investors tend to get sucked in by the pref and do not study the deal as much. They want that money working day 1.
Many of my investors making millions per year or higher at their job or business are more concerned about safety of the investment and the hassle factor ( variables in a syndicators pro-forma that could go wrong and the returns could not materialize like they hoped ).
Someone mentioned office. Personally can't stand regular office I do not care how cheap it is UNLESS it is sitting on valuable land and I figure in existing building demo costs to re-adapt the dirt to a higher and better use than it becomes appealing. Years and decades of your life you never get back. Even if someone makes 5 million but it took away time wise one of the best decades of your life was it worth it? Not to me.
I see the care free go lucky hippie types that just chill all week. My massage guy is one of them. Little money but he has a great time and makes the most of experiences. Then on the other end of spectrum I see the work aholics with their 60 hour or more weeks with money and migraines but little to no fun in life.
Then there is that tiny percentage that has the secret sauce where they work so many hours and cap it but also make a lot of money and get the most enjoyment out of everyday. Now someone could say they enjoy working so they find joy in working 70hr weeks. To that I would counter that THEY might enjoy that but not their family, friends, their health etc. would all suffer.
Everyone's life and personal journey is different. I actually find it interesting to study other people and see how they think, what they value, and why.
As a syndicator myself I would rather do 10 great deals a year than 17 and have 4 be duds, 9 okay, and 4 huge winners. You just create a lot of busy work and drama in the name of scale. I don't care who the syndication group is nobody likely anticipated a 300 basis point hike in rates so fast that went up like a rocket. Everyone in life has adversity it's how you handle and respond to it that matters.
