Looking to Invest $100k into a Multi Family Syndicate

Member since 2023 · 1 post · 0 votes

Hello,

I'm a newer investor looking to expand my portfolio into Multi-Family Syndication. Are there any good sponsors that can send me some info regarding deals in the Pacific NW/Texas/Florida area? Any guidance or help would be greatly appreciated.

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Carlos Ptriawan

Member since 2019 · 7k+ posts · 4k+ votes

Quote from @Devin Kelly:

Hello,

Do you want to lose money ? LOL ; MF GP is issuing capital call these days.

Better wait til 2025 for Multifamily investments.

Problem with newer investor is they're very hurry to "invest" while not understanding the current market risk.

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Mike Krieg
Investor / Syndicator · Austin, TX · Member since 2015 · 367 posts · 220 votes
3y
Hi Devin, I'm in TX. As you know the market is very tight right now. Happy to discuss what I'm seeing in Central TX - Austin.
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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y
@Devin Kelly
Very few multi family deals getting done nowadays because of the interest rate environment and rates greater than cap rates which puts downward pressure on returns
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Carlos Ptriawan
Member since 2019 · 7k+ posts · 4k+ votes
3y
Quote from @Devin Kelly:

Hello,
I'm a newer investor looking to expand my portfolio into Multi-Family Syndication. Are there any good sponsors that can send me some info regarding deals in the Pacific NW/Texas/Florida area? Any guidance or help would be greatly appreciated.

Do you want to lose money ? LOL ; MF GP is issuing capital call these days.

Better wait til 2025 for Multifamily investments.
Problem with newer investor is they're very hurry to "invest" while not understanding the current market risk.
2 Reply
Danny L.
Investor · Bay Area, CA · Member since 2022 · 8 posts · 3 votes
3y
I think Brandon has a deal in San Antonio. Look up Open Door Capital.
Regarding losing money and capital calls, I don't think it's as much of an issue if you invested within the last year or now. The deals that went bad were done years ago before anyone could anticipate interest rates will go that high.
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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y
@Danny L.
Have you invested the past year or in the sponsor you mentioned as there are posts on BP regarding it from those who have invested
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Danny L.
Investor · Bay Area, CA · Member since 2022 · 8 posts · 3 votes
3y
Quote from @Chris Seveney:

@Danny L.
Have you invested the past year or in the sponsor you mentioned as there are posts on BP regarding it from those who have invested
@Chris

Yes, I've invested in multiple offers the past year with various sponsors. I haven't invested with ODC or their current TX offering. I'm still reviewing the details.

I came across ODC as the deal is a partnership with another sponsor I was researching at the time. I will look into the posts about them on BP you've mentioned. Thanks

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Mike Krieg
Investor / Syndicator · Austin, TX · Member since 2015 · 367 posts · 220 votes
8mo
Deal right now are still pretty tough to find. Texas insurance and taxes sure don't help underwriting a market where the bid/ask spread is where it is. But deal exist, you just have to dig, network, and persist!
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