"Doors Syndrome" in Real Estate

Member since 2022 · 40 posts · 13 votes

Out of curiosity, when investors says "I have X doors", are they including those they are in partnership with?

I have heard many say things like "I have purchased 15 properties this month", but I am never sure if he means they he did, or "they" did.

If the sole owner of said properties, that would be quite impressive.

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

Quote from @Account Closed:

Quote from @James Sloan:

Out of curiosity, when investors says "I have X doors", are they including those they are in partnership with?

I have heard many say things like "I have purchased 15 properties this month", but I am never sure if he means they he did, or "they" did.

If the sole owner of said properties, that would be quite impressive.

When someone buys into a syndication of an apartment building with 100 doors for $1,000 they willl say they own 100 doors. It's like buying stock.

Don't worry about people who need an ego boost who are making false claims. I define "false" as information intentionally intended to deceive, kind of like the goverment and unemployment. ;-)

based the syndication model I have more doors than i can count LOL.. means nothing.

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Carlos Ptriawan
Member since 2019 · 7k+ posts · 4k+ votes
3y
Quote from @Don Konipol:

Quote from @James Sloan:

Out of curiosity, when investors says "I have X doors", are they including those they are in partnership with?

I have heard many say things like "I have purchased 15 properties this month", but I am never sure if he means they he did, or "they" did.

If the sole owner of said properties, that would be quite impressive.
The Doors haven’t mattered since Jim Morrison died.

haha LOL this kind of story is limitless, if I know a guy has 1,000 doors I feel bad really, how could he sleep managing those doors even with a PM.
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Luciano A.
Developer · Houston TX · Member since 2018 · 423 posts · 400 votes
3y
The 24-year-old who owns 1,000 doors in 12 months. Those stories are everywhere on IG, BP, and other social media but if you only put $25,000 as an LP into the deal and you have 100 partners, then in reality you own a bathroom in that complex.
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