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 followRunning the fee math on two offerings that are close enough in asset quality that the difference in what I take home is mostly structure. Stripping the marketing out, here's what…
My business is service work, so clients vet me all day long, and I've got a decent sense of which questions actually reveal something. Now I'm on the other side looking at a first…
I've got $50k set aside that I'm willing to have locked up for five years, and I've been reading LP deals for about four months. The minimum on most of what I see is $50k, so one…
Two term sheets on my desk, both value-add multifamily, similar markets, similar leverage, similar stated hold of five years. Deal A: 8% preferred return, cumulative and compoundi…
I've been reading two offering models side by side for a week and the thing that keeps stopping me is the terminal value. Deal one: 200 units, entry cap 5.1, exit cap 5.25 at the…
Eleven units across four small buildings, all self managed, all bought under 2021. I have $75k that isn't earmarked and for the first time I'm looking at LP positions instead of a…
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…