Has anyone worked with or invested in Techvestor before?

Question

Has anyone worked with or invested in Techvestor before? They provide passive income if you invest at least $25K with them and they use it to buy, hold, and sell airBnb-able properties. They're from the same guys that built Scoutpads and Superhostlabs but neither those websites are live anymore. I would like to hear from your experience if any of you is an active investor on their STR fund

Harish V. · Answer

Your question answers itself. If someone has failed 2 times, it's likely that they will fail at it a 3rd time.

Matt Owens · Answer

Seems like the bad feedback here outweighs the good. I’d rather take the cash and invest in my own deal or bring on a partner. I do respect their data guy, John Bianchi, though.

Sameena K. · Answer

We invested with them and they have been irresponsible, incompetent, and unprofessional.  We've been investing in RE for over 10 years, about 4 mm across investments.  We made a big mistake trusting them to honor their word and their contracts.

Christian Espana · Answer

I was looking on their site and noticed they spelled “profitabel”.  The small details matter in my opinion.

Avery Carl · Answer

This is a very different model than the owning your own asset and managing yourself to optimize cash flow like in Short Term Rental Long Term Wealth, but it is a legit syndication.

I have not personally invested with them but I know their head of data very well and I have seen that their underwriting is RIGOROUS. So I do believe they are buying right, although I can't speak to how they value at exit.

Of course, do your due diligence on any syndicator that you plan to work with, but from what I have seen, Techvestor is the one of the very few (maybe the only) one I have seen actually execute a single family STR syndication. But again, I haven't invested with them so I can't speak to the actual returns that people have seen. Just my 2 cents.

Jayson Cain · Answer

From what I understand, it's a fund that specializes in STRs. If that is the case, then it's probably a cashflow-type and the DSCR is high. However, I think they buy residential 1-4 unit properties. If you're considering them, I would confirm how they do the valuation when they exit the fund. If it's being valued using comps (since they are 1-4 units) and not using NOI and cap rate like commercial properties, the return might not be there at the exit.

Harish V. · Answer

Reorgs make it difficult to track failure. If you have spare money that you can loose. Invest in them. But expectation of profit should be low. It's high risk potentially not so high reward situation.

Carlos Ptriawan · Answer

The founder of this company just exited Apple at 2021. So it's during covid. She has multiple properties, is it 70 to 100 properties ? If she bought it all in 2021-2022, she purchased during the market peak. Although her data and approach seems solid in paper, but if she accumulated all these properties in 2021 with these lousy future booking, I'm afraid if she's going to fall ... hard. I know other STR syndication in AZ but they already operated since 2011, and they have very nice open book track record when they purchase and whey sell the property. Most of STR syndication, is ACTUALLY making their money more when they sell their home, rather than when they acquire cashflow from airbnb rental. Just so you know.

Kareem Barreto · Answer

Well, yes and not after a due diligence I did. Investors from Scoutpads transitioned their investments to Techvestor. The investment model changed from what I understand, instead of investing in single STR, they created a fund. In the other hand Superhostlabs still running under the new company techvestor (this is the designing and property beautification arm of the company).

I know those facts, so I was hoping to find some of those investors to validate this information.

Andrew Syrios · Answer

I don't have any experience with Techvestor but I would caution with any turnkey company that you shouldn't expect any built-in equity. Indeed, it's not uncommon for such companies to sell slightly over market (whether selling individual properties or syndications or crowdfunded deals). I would also make sure to vet the management team very carefully as that's not an uncommon problem with such companies.

Has anyone worked with or invested in Techvestor before?

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