HAVE YOU INVESTED WITH BAM CAPITAL?
Jason MalabuteBusiness Member
Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 898 votes
Malabute & Company CPAs525 Reviews
HAVE YOU INVESTED WITH BAM CAPITAL?
Most Popular Reply
Bradenton, FL · Member since 2017 · 168 posts · 39 votes
2y@Melanie P. Mel, I appreciate your post and acting smart into something you are not invested into.
As for one of my other operators, I am invested into REM in 3 different deals. They are Class C properties and we've all been hit (temporarily) with interest rates. They are not alone.
You asked a question as to why? Well I am a limited partner and retired on caah flow. I don't run around home depot anymore being active.
Also, like I said in my post, please connect with me and I will respectfully explain over the phone. You might learn something new. In fact, my mobile is 812-454-7088. I look forward to our conversation.
-Marty
43 Replies
- Rental Property Investor · Johnstown, CO · Member since 2015 · 119 posts · 78 votes4y
@Jason Malabute Yep - I'm currently invested with BAM in Fund #1 and Fund #3 (no money in the war-chest when #2 came around)
Distributions have been consistent and reliable and Fund #1 has already generated a 2x equity multiple. Great people to work with and I plan on investing more with them next year when I sell another property. - Rental Property Investor · Houston, TX · Member since 2020 · 22 posts · 14 votes4y
@Jason Malabute We invested in Fund II both class A and B. Consistent distributions for class A and Class B should start before the end of the year. Strong performance so far. We recommended to our friends who are also investing in Fund III. I spent an extensive time researching companies before getting in to multi family and BAM is definitely at the top of our list.
- 4yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
I like this company.. among a few others in the syndication space..
- Bradenton, FL · Member since 2017 · 168 posts · 39 votes4y
Yes, just invested 800k into Fund III A series. Drove to Indianapolis and met the entire team while vetting out the assets. Extremely competent team and great culture!! We are looking to do more in the future with them as I am very bullish on multi-family investments. Especially a great GP team...can't go wrong with the BAM Family IMO.
- Specialist · Austin, TX · Member since 2017 · 136 posts · 109 votes4y
Quote from @Jay Hinrichs:
I like this company.. among a few others in the syndication space..
Anything in particular, or just overall feel? - 4yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Quote from @John Sayers:
Quote from @Jay Hinrichs:
I like this company.. among a few others in the syndication space..
Anything in particular, or just overall feel?I have interests in Indy so I did visit with Mr. Barrett and staff . I have reviewed their properties which is in line with the type of assets I like to own for cash flow.
- Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 898 votes4y
Quote from @Shawn York:
@Jason Malabute Yep - I'm currently invested with BAM in Fund #1 and Fund #3 (no money in the war-chest when #2 came around)
Distributions have been consistent and reliable and Fund #1 has already generated a 2x equity multiple. Great people to work with and I plan on investing more with them next year when I sell another property.Thank you. Would love to connect further.
Malabute & Company CPAs525 Reviews - Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 898 votes4y
Quote from @Adrienne Binder:
@Jason Malabute We invested in Fund II both class A and B. Consistent distributions for class A and Class B should start before the end of the year. Strong performance so far. We recommended to our friends who are also investing in Fund III. I spent an extensive time researching companies before getting in to multi family and BAM is definitely at the top of our list.
thanks
Malabute & Company CPAs525 Reviews - Specialist · Austin, TX · Member since 2017 · 136 posts · 109 votes4y
Quote from @Jay Hinrichs:
Quote from @John Sayers:
Quote from @Jay Hinrichs:
I like this company.. among a few others in the syndication space..
Anything in particular, or just overall feel?I have interests in Indy so I did visit with Mr. Barrett and staff . I have reviewed their properties which is in line with the type of assets I like to own for cash flow.
Thank you for the additional info. - Bradenton, FL · Member since 2017 · 168 posts · 39 votes4y
@Shawn York. Sent you a friend request
- Member since 2023 · 4 posts · 3 votes3y
Quote from @Shawn York:
@Jason Malabute Yep - I'm currently invested with BAM in Fund #1 and Fund #3 (no money in the war-chest when #2 came around)
Distributions have been consistent and reliable and Fund #1 has already generated a 2x equity multiple. Great people to work with and I plan on investing more with them next year when I sell another property.@Jason Malabute - Hi Jason, was wondering if you're still happy with BAM. I'm about to make an investment with them. Thank you!
- Member since 2023 · 4 posts · 3 votes3y
Quote from @Marty Summers:
Yes, just invested 800k into Fund III A series. Drove to Indianapolis and met the entire team while vetting out the assets. Extremely competent team and great culture!! We are looking to do more in the future with them as I am very bullish on multi-family investments. Especially a great GP team...can't go wrong with the BAM Family IMO.
@Marty Summers - Hi Marty, are you still happy with BAM? I'm about to make an investment with them. Thank you!
- Bradenton, FL · Member since 2017 · 168 posts · 39 votes3y
Quote from @Jim Welch:
Quote from @Marty Summers:
Yes, just invested 800k into Fund III A series. Drove to Indianapolis and met the entire team while vetting out the assets. Extremely competent team and great culture!! We are looking to do more in the future with them as I am very bullish on multi-family investments. Especially a great GP team...can't go wrong with the BAM Family IMO.
@Marty Summers - Hi Marty, are you still happy with BAM? I'm about to make an investment with them. Thank you!
@Jim Welch:
Yes very happy after 1 year. I am invested into their A series in Fund III and now Fund IV. Income side has been very consistent.
I am not in in any B series because I use BAM for my income side. The BAM family is very well rounded with a clean track record. I have visited them personally a couple of time since I am from Indiana. If you want to talk further, contact BAM (Colton or Andrew) and they can give you my number. Call or text anytime.
Take care
-Marty
- Member since 2023 · 4 posts · 3 votes3y
Quote from @Marty Summers:
Quote from @Jim Welch:
Quote from @Marty Summers:
Yes, just invested 800k into Fund III A series. Drove to Indianapolis and met the entire team while vetting out the assets. Extremely competent team and great culture!! We are looking to do more in the future with them as I am very bullish on multi-family investments. Especially a great GP team...can't go wrong with the BAM Family IMO.
@Marty Summers - Hi Marty, are you still happy with BAM? I'm about to make an investment with them. Thank you!
@Jim Welch:
Yes very happy after 1 year. I am invested into their A series in Fund III and now Fund IV. Income side has been very consistent.
I am not in in any B series because I use BAM for my income side. The BAM family is very well rounded with a clean track record. I have visited them personally a couple of time since I am from Indiana. If you want to talk further, contact BAM (Colton or Andrew) and they can give you my number. Call or text anytime.
Take care
-Marty
@Marty Summers - thank you for the quick reply and the update! Very helpful.
- Member since 2022 · 14 posts · 6 votes3yAfter 11 months since your last reply, how do you feel about BAM now? Thanks.
Quote from @Adrienne Binder:
@Jason Malabute We invested in Fund II both class A and B. Consistent distributions for class A and Class B should start before the end of the year. Strong performance so far. We recommended to our friends who are also investing in Fund III. I spent an extensive time researching companies before getting in to multi family and BAM is definitely at the top of our list.
- Member since 2023 · 1 post · 2 votes3yClass A is distributing faithfully at 10% every month. Class B is not but neither is our GoodEgg Clasc B this quarter or our Praxis one. Companies are having to set aside a certain percentage to cover the Cap Rate insurance and as an abundance of caution with these interest rates- class B are paused. Still very happy though. Assets are performing well and hopefully in 4-6 years things will level off and we’ll see our return along the way at some point or at disposition.
Quote from @Edna Salinas:
After 11 months since your last reply, how do you feel about BAM now? Thanks.Quote from @Adrienne Binder:
@Jason Malabute We invested in Fund II both class A and B. Consistent distributions for class A and Class B should start before the end of the year. Strong performance so far. We recommended to our friends who are also investing in Fund III. I spent an extensive time researching companies before getting in to multi family and BAM is definitely at the top of our list.
- Member since 2022 · 14 posts · 6 votes3yIs Class B (BAM) not distributing at all? I appreciate your input.
Quote from @Adrienne Ramsey:
Class A is distributing faithfully at 10% every month. Class B is not but neither is our GoodEgg Clasc B this quarter or our Praxis one. Companies are having to set aside a certain percentage to cover the Cap Rate insurance and as an abundance of caution with these interest rates- class B are paused. Still very happy though. Assets are performing well and hopefully in 4-6 years things will level off and we’ll see our return along the way at some point or at disposition.Quote from @Edna Salinas:
After 11 months since your last reply, how do you feel about BAM now? Thanks.Quote from @Adrienne Binder:
@Jason Malabute We invested in Fund II both class A and B. Consistent distributions for class A and Class B should start before the end of the year. Strong performance so far. We recommended to our friends who are also investing in Fund III. I spent an extensive time researching companies before getting in to multi family and BAM is definitely at the top of our list.
- Member since 2023 · 4 posts · 3 votes3y
Quote from @Marty Summers:
Quote from @Jim Welch:
Quote from @Marty Summers:
Yes, just invested 800k into Fund III A series. Drove to Indianapolis and met the entire team while vetting out the assets. Extremely competent team and great culture!! We are looking to do more in the future with them as I am very bullish on multi-family investments. Especially a great GP team...can't go wrong with the BAM Family IMO.
@Marty Summers - Hi Marty, are you still happy with BAM? I'm about to make an investment with them. Thank you!
@Jim Welch:
Yes very happy after 1 year. I am invested into their A series in Fund III and now Fund IV. Income side has been very consistent.
I am not in in any B series because I use BAM for my income side. The BAM family is very well rounded with a clean track record. I have visited them personally a couple of time since I am from Indiana. If you want to talk further, contact BAM (Colton or Andrew) and they can give you my number. Call or text anytime.
Take care
-Marty
@Marty Summers - thank you for the detailed reply! Glad to hear your insights into BAM
- Member since 2023 · 1 post · 0 votes3y
Quote from @Marty Summers:
Yes, just invested 800k into Fund III A series. Drove to Indianapolis and met the entire team while vetting out the assets. Extremely competent team and great culture!! We are looking to do more in the future with them as I am very bullish on multi-family investments. Especially a great GP team...can't go wrong with the BAM Family IMO.
I'm thinking about investing with BAM, was anyone here doing this type of investing back during the 2007-2009 housing crash? I remember reading about lots of trouble with private REITS. I'm just trying to get a better sense of what my real risks are? I like the idea of diversification of my investments and I love the strategy BAM has articulated: the focus on properties with below market rents in growing areas with jobs and good schools. I guess the only thing giving me hesitation is that it looks like housing prices are at all time highs even after adjusting for inflation:
https://fred.stlouisfed.org/se...
Housing affordability is worse today than it was at the bubble peak in 2006 if you believe Case Shiller data. Part of me is thinking "It's dumb or even ridiculous to be buying new properties at a peak like this." But I'm not sure what would bring rents or housing prices down significantly other than the usual - a big bad recession. There could be a "double whammy", a recession (which we seem overdue for) then a drop in interest rates which leads to a big influx of new housing supply. Have you ever seen rents actually go lower (I'd assume this would only happen if occupancy dropped significantly, but that seems like something that could happen in a recession).
Also a BAM specific question/concern - from what I understand they are based in Indiana, and I see in their current open offering one of the properties is in Indiana (great) but I'm wondering why the other property is in Arkansas? Is this location within their sphere of competency or ability to low cost manage?
- Bradenton, FL · Member since 2017 · 168 posts · 39 votes3y@Darren Gordon
Quote from @Darren Gordon:
Quote from @Marty Summers:
Yes, just invested 800k into Fund III A series. Drove to Indianapolis and met the entire team while vetting out the assets. Extremely competent team and great culture!! We are looking to do more in the future with them as I am very bullish on multi-family investments. Especially a great GP team...can't go wrong with the BAM Family IMO.
I'm thinking about investing with BAM, was anyone here doing this type of investing back during the 2007-2009 housing crash? I remember reading about lots of trouble with private REITS. I'm just trying to get a better sense of what my real risks are? I like the idea of diversification of my investments and I love the strategy BAM has articulated: the focus on properties with below market rents in growing areas with jobs and good schools. I guess the only thing giving me hesitation is that it looks like housing prices are at all time highs even after adjusting for inflation:
https://fred.stlouisfed.org/se...
Housing affordability is worse today than it was at the bubble peak in 2006 if you believe Case Shiller data. Part of me is thinking "It's dumb or even ridiculous to be buying new properties at a peak like this." But I'm not sure what would bring rents or housing prices down significantly other than the usual - a big bad recession. There could be a "double whammy", a recession (which we seem overdue for) then a drop in interest rates which leads to a big influx of new housing supply. Have you ever seen rents actually go lower (I'd assume this would only happen if occupancy dropped significantly, but that seems like something that could happen in a recession).
Also a BAM specific question/concern - from what I understand they are based in Indiana, and I see in their current open offering one of the properties is in Indiana (great) but I'm wondering why the other property is in Arkansas? Is this location within their sphere of competency or ability to low cost manage?
Read above & I would be glad to speak with you. - Investor · St Augustine, FL · Member since 2016 · 135 posts · 126 votes3y
Yes - I spoke with Ivan Barratt several years back many times over the course of a year, and put considerable efforts into due-diligence. They at one point had a guy working for them that honestly turned us off and we decided NOT to invest at that juncture (he is no longer there)... only to reconnect with the team and began to work with them in a fund closing in early 2022. We really like their approach and communication has been timely and meaningful. While Im not currently seeking distributions (we are in series B shares - those that participate in the upside and "may" accrue), they have made distributions and we are simply building another cash reserve. Im a bit put-off by the detail in their reporting however, They have only provided a consolidated summary at this point, and the other operators give far more detail. Ive asked about getting essentially T-12 type info on the assets, but that hasnt been provided thus far. While the "narrative" is good, the devil is in the details, and I see this as more of a black-box than an open system.
We work with a couple other larger operators besides BAM, but in short my only complaint is the detail in the reporting, especially in tough times. - Member since 2020 · 1 post · 1 vote3y
The fund and other offerings they have at BAM Capital seem quite intriguing. The rapid turnaround and performance of the assets during the previous funds seems quite impressive.
Had a call with someone from their team recently - very professional and knowledgeable.
I’m curious how it has felt to investors in previous offerings? Has anyone done any of the individual asset syndications or only the funds? How was transparency and reporting?
I’m considering investing to also get experience, as this would be my first time participating as a LP. It’d be really cool to get experience seeing how this process and these investments work.
- Member since 2023 · 1 post · 0 votes2y
Hi. What’s the latest on BAM right now? Anyone recently added to Fund IV? Anyone extra cautious with these types of investments right now? Just spoke with a business dev rep from BAM today, good conversation, said theyre not worried about rates right now and have plans in place to account for them.
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