Rental Property Investor · Tampa, FL · Member since 2015 · 23 posts · 19 votes
I am looking for the some guidance in connecting with some of the more reputable Syndication groups/ Sponsors in the Tampa Bay Area. I have about 25-50k I am looking to invest in the commercial space. Does anyone have any advice on groups they have worked with in the past and have had success with or know of any good places to make these connections in the Tampa area? Thanks!
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
11mo
Is there a specific reason why you're choosing Tampa. That coast of Florida right now is not doing very well and there are a lot of opportunities and other locations that are doing far better.
I will also say, though, sponsor is far more important. And I recommend you do your own due diligence and not just take someone's word for it.
you can look up here on BP the number of sponsors who were referred by others and now posts are out about them losing everyone's money
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
11mo
Is there a specific reason why you're choosing Tampa. That coast of Florida right now is not doing very well and there are a lot of opportunities and other locations that are doing far better.
I will also say, though, sponsor is far more important. And I recommend you do your own due diligence and not just take someone's word for it.
you can look up here on BP the number of sponsors who were referred by others and now posts are out about them losing everyone's money
Cincinnati, OH · Member since 2020 · 4k+ posts · 3k+ votes
11mo
I think you are starting backwards: What kind of "commercial space"? Retail, office, industrial? What is important to you: safety over high returns, or highest return possible? Are you wanting cash flow today or more of an appreciation play? Are you wanting to get into and out of deal in 2-3 yrs, or hold for the next 20, assuming it is cash flowing for you.
Beyond that, I would also set some general guard rails: minimum years in the real estate business, dedicated focus versus diversified portfolio?
And lastly, are you looking for Tampa-based sponsors and deals? Tampa sponsor with possible OOS deals? Or potentially OOS sponsors that have Tampa deals?
I am looking for the some guidance in connecting with some of the more reputable Syndication groups/ Sponsors in the Tampa Bay Area. I have about 25-50k I am looking to invest in the commercial space. Does anyone have any advice on groups they have worked with in the past and have had success with or know of any good places to make these connections in the Tampa area? Thanks!
Every investor has a different risk tolerance, comes from a different financial situation, and has different financial goals. So a sponsor that's great for one investor will probably be terrible for another (and vice versa).
I'm from Tampa and have directly owned rental properties in the area. But my favorite sponsors aren't from here.
I'm a conservative investor, so when I invest in multi-family I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.
And there is a multi-family operator that has multiple real estate cycles of experience (decades) and it's track record claims no money lost in that time. It also regularly puts out deals at that are typically low 65% LTV, high 10%+ skin in the game/co-investment etc.
They market under 506B so are prohibited from posting publicly on the Internet and instead function by referrals. So if you're interested, private message me and I can give you their details.