This year they’re real estate syndicators; three years hence they’re running and selling oil drilling participations, after that they’re involved in fin tech.  

The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.

Totally agree with you on this.At the end of the day, the big PIMCO/Blackrock/GS/JpMorgan guy would buy it all, just like what happen previously.Currently, the big money with unlimited funds are with two titans, the oil titans and Tech Mogul ; maybe they would conquer all your LP 4 cap Multifamily and purchase it all with 7-cap tomorrow LOL.It is just that, all those that purchase 4 cap , getting screwed LOL , now the same LP is praying to God to purchase the same exact complex with 6 to 7 cap LOLLP investors still getting destroyed.

Now that I've seen this cockamamie theory pop up on multiple threads and videos from obvious snake oil salesmen pumping it on YouTube I feel like I have to keep dispelling the rumor.On David's first reply on this thread he said that using a HELOC to throw down chunks at a mortgage is better than making cash payments directly to the mortgage.

Hi John--I'm in Kane, DuPage, Cook, McHenry counties...

But I would take hard assets(gold, silver, precious metals, natural resources ala oil/gas, spice mines, etc....) over soft assets.

That said, I'm either missing something or this is another snake oil scheme.

Hey @Aaron Cooke - Congrats on what looks like a successful deal! 

It's a lot easier living with my loving family and when my lunch and dinner are already cooked lol.

Hot water heater, furnace, gas, electrical box, HVAC, oil tank, plumbing pipes.