Los Angeles Metro 8 unit new development syndication
Hello,
My husband and I are passive investors. We have 2 out of state SFRs, and we have been passively investing in syndication deals - Ashcroft and Praxis Capital. With another syndicator we have not worked with in the past, we are looking at a ground up 8 home development in a nice neighborhood less than 7 miles from downtown Los Angeles and considering investing in it. The development will take 10 - 14 months. The numbers seem to makes sense right now but since this is our very first time getting involved in ground up development, my husband and I wondering how to do the right due dilligence. It's a sellers market right now, but we have no idea where the market will be next year. I am reaching out to see if there is anyone in the BP community that knows the LA metro market and due dilligence questions we should be considering when getting into ground up development syndication deals.
Thank you!