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 followLooking at my first LP deal instead of another flip, and the summary page has three numbers stacked on top of each other. 15% IRR, 1.8x equity multiple, 8% average cash-on-cash. O…
My portfolio is small and all in my own state, and my return is already annoying. The syndication I'm considering owns a property in Georgia and I don't live there. My accountant…
I've got three offerings open in front of me. Two multifamily deals take $25,000 and one takes $100,000. One of the $25k sponsors asked for a letter from my CPA confirming I'm acc…
I've got about $90,000 sitting in an old 401k from my construction years and I moved it into a self-directed IRA to look at LP positions. The custodian says they'll sign the subsc…
Spent twenty years pricing jobs where every line item was labor, materials or overhead, so the fee page on this multifamily offering is bothering me. 2% acquisition fee on a $14M…
Reviewing a $34M multifamily acquisition. $11.5M of LP equity, bridge debt at SOFR plus 340 with a rate cap that expires in 14 months, interest-only, two 12-month extension option…
The 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…
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…