Updated over 3 years ago on . Most recent reply
Multi Family Syndicate Recommendations
Does anyone have any recommendations for a good syndicate with a track record in multi family. I already have some investments with Ashcroft. Was wondering if there were any other firms I should look at.
Thanks,
Marc
Most Popular Reply
@Marc Warren, this is a great time to research potential investment providers, learn more about their companies, and investigate track records. But if you are looking to make an investment now, be extra cautious.
No matter what you see or read about any syndication sponsor, if they are offering you an investment opportunity now, scrutinize it very carefully. Maybe they have the deal of the century, and if so, great. But in my humble opinion, which I'll probably take heat for, and maybe I'm wrong, is that right now isn't the best time to be buying.
There are two reasons why sponsors might be buying right now. 1. Because they have found a great deal (I haven't found any but that doesn't mean they don't exist). And 2. to generate fees to keep their office doors open. I suppose there is also a third reason: they think they found a good deal, but they are wrong.
As you do your research, seek out firms that are financially solid enough that they don't have to buy anything at all and can still pay their company overhead. Watch out for groups that have built a huge mouth to feed and must transact to feed it. There are more than a few of them out there.