Overpriced and pain to deal with, especially with a large portfolio of properties.

Purchase price: $212,000 Cash invested: $67,000 Great starter investment home. 70% ROI What made you interested in investing in this type of deal?

I could get stuck with a house full of substandard furniture and accessories that I need to deal with.

I just coordinated two RE deals for investor clients of mine in Delaware County. 

@Nirav PatelI would visit the site before I invested, and possible other deals that the syndication group owns.

Purchase price: $41,000 Cash invested: $120,000 3 bed/1.5 bathCurrently rented What made you interested in investing in this type of deal?

They create the team and a plan, acquire, due diligence, take care of loan products (If needed), oversee construction/renovation, hire property manager (or run in house management,) take care of accounting/taxes/K1s, deal with closing or refinancing.An LP (limited partner) just puts in the funds (after hopefully vetting the GP and team) and keeps fingers crossed while earning mailbox money. 

At this stage, your focus should be putting as much money as possible into your first deal, rather than on accountants, lawyers, or consultants.Hiring a CPA can wait until you’re further along—either when you’ve got something under contract or need help with entity setup or tax planning.

If you have to double close for some reason you do have to have your own funds to close the deal first before it can be sold your end buyer.

I think they are grasping at anything they can to make up for competition and direct bookings coming on strongly.