:-)Completion guarantee secured by bonds are 99% off the time a requirement for LPs and lenders in the US, but the end buyer is not covered directlyIn Europe developers must often deliver a completion guarantee to the buyer if the property is pre sold as payments are made in installments along the construction process.

I use a Texas Instruments BA II Plus financial calculator, easy to use, in the owner's manual, follow the instructions for a Bond, a mortgage is the same thing.At this level, real estate is simple math.

We are actively looking for 100-200 unit deals, and since I live in Santa Fe, NM its any easy drive for me.I had a lengthy discussion with my PM yesterday, and they are filling units very quickly.

The short term, cash flow-only purchase means you bought bonds at that point, not real estate.

Thank you so much for this lengthy reply.  

More like a long term corporate bond.

Keep creating those bonds and making sure that you maintain the healthy ones.

Quote from @Jasmine Bond: Hey Paul,Hang in there.

I appreciate the lengthy post, but this was not what I am referring to.

Pooling funds with other investors allows access to larger properties, offering potential cost efficiencies such as lower per-unit expenses, professional management services, and increased purchasing power for property improvements.Diversification: Multifamily syndication provides an opportunity to diversify your investment portfolio beyond traditional assets like stocks and bonds.