I'm considering investing in BAM Capital's Fund IV offering. I'm guessing there are a few Bigger Pockets members who have invested with them. Is there anyone out there that would be interested in connecting to discuss their investment experience with BAM or other syndicators?
Investor · Delafield, WI · Member since 2014 · 102 posts · 73 votes
2y
My Open Door Capital Sunbelt Diversified Portfolio isn't currently paying dividends. They need to raise another 3 million dollars to keep paying the bills. They are trying to not do a capital call.
My MLG Capital Funds are still paying dividends but at a reduced rate a little less than 4%.
Hoping both come around MLG looks promising and there is still hope for Open Door Capital.
Investor · Delafield, WI · Member since 2014 · 102 posts · 73 votes
2y
My Open Door Capital Sunbelt Diversified Portfolio isn't currently paying dividends. They need to raise another 3 million dollars to keep paying the bills. They are trying to not do a capital call.
My MLG Capital Funds are still paying dividends but at a reduced rate a little less than 4%.
Hoping both come around MLG looks promising and there is still hope for Open Door Capital.
Cincinnati, OH · Member since 2020 · 4k+ posts · 3k+ votes
2y
@Russell Bundy, highly recommend you use the search function, as there could be posts from all over with people talking about BAM.
There is also an entire subforum of Syndication reviews. Here is one thread that discusses BAM, but I believe I have seen others thrown about within other topics on the various BiggerPockets forums.
Investor · Batavia, IL · Member since 2014 · 99 posts · 81 votes
2y
Hey Russel,
Admittedly, I do not know BAM; I am curious about what is driving your interest in/decision to invest whether its a preferred return or more back end equity, or just tax advantages.
The market has definitely put some operators' projects in distress, and it is very unfortunate, but the flip side is that other operators are able to use stabilized financing to acquire these distressed assets.
Our operator partners are seeing an almost 20% discount as they are acquiring assets today. Consider a top-performing operator who already manages assets in the market and has strong renovation skills, is using less leverage, as these deals are starting to pencil out.
In today's Wall St Journal- Fortune Favors Early Movers in America’s Property Crunch Investors willing to buy buildings when everyone else is running scared typically get the biggest rewards. By Carol Ryan Check it out.