Real estate syndication pools capital from multiple investors to acquire a property too large for any one of them individually, with a sponsor (the general partner) managing every aspect, acquisition, financing, operations, and eventual sale, while passive investors (limited partners) contribute...
Log in to followThe deck for a 180 unit deal I'm looking at says "8% preferred return, then 70/30 split." A friend who owns bonds told me the pref works like a coupon, so I'd get 8 percent a year…
PPM landed Friday and I have until the 19th to fund or pass. 184 units, 1986 vintage, secondary southeast market, $23.4m purchase plus $2.1m capex and closing, $6.9m equity raise,…
I wrote $80,000 into a multifamily value-add deal as a limited partner. 1980s vintage, 180 units, business plan was renovate and raise rents. Target hold three to five years, proj…
I've been reading the same argument in two directions for weeks and I want to hear it from people who've actually done it. The case for using a self-directed IRA: syndications tak…
Same sponsor, two offers, and I have to choose one. Single asset: 148 units, 1980s vintage, suburban, under contract, five year agency loan, I get the rent roll, the T12, the insp…
First LP position I've ever taken, in a 96 unit garden style property in a midsize southeast market. I came in at $65,000. My day job is construction, so the only part of the deal…
Six full-cycle exits, average 22 percent IRR, 1.9x average equity multiple, holds between 2.5 and 3.5 years. Every one of those exits happened while cap rates were compressing, an…
Closed a flip three weeks ago, $118k net after everything. My next acquisition is probably 8 to 14 months out because the wholesalers I use have gone quiet and I'm not paying reta…