All Forum Posts by: Arturo Herrera

I doubt it. There’s an exclusion if transferring ownership into a living trust from what I recall. I just went through this last year. 

Hi @Zach Matson, I believe you spoke at a meetup I attended just before the holidays. Just wanted to hop on here and give you a shoutout. I’d also be interested in hearing more about this and other projects as I’m contemplating PML as well.  See you around 

Seems I’m not alone. I’m a first timer and invested in 3 syndications this year. Two of them with one operator. That operator does not provide much insight into financials as I thought most syndicators do. I think they are trying their best despite one of the assets underperforming for now and that might be the reason. Distributions for that asset stopped shortly after I invested in Q1 23. Supposedly the pref accrues and will one day be paid out along with excess cash flows but it’s too early to tell. Luckily, I’m not dependent on distributions. My advice is tread carefully and like all betting, don’t play with what you can’t afford to lose. 

Hi All - I was presented with an off market duplex in the Englewood neighborhood of San Antonio right next to Burbank HS. What's the consensus on the general area? Good, bad, so-so?  

Would appreciate any responses from SA locals.   Thank you!

@Herb Lichtenberg the terms look fairly similar to what I've been hearing from a few lenders for the same asset class/type. I also struggled with the whole personal guarantee requirement, but seems to be the norm for smaller apt buildings. Ultimately for a commercial deal, which yours is, the cash flows and debt service metrics should be the factors carrying most weight. As long as you have enough assets or worth in case things do go wrong, the bank will feel that much more comfortable with you being the guarantor behind the operation.

Hi, I'm also beginning to shop around for lemder pre-qualification. Which lender did you choose to go with?

Hi All,  I'm beginning to line up people for a potential deal and wanted to ask if anyone had credible references to 2-3 lenders in either Columbus or Macon, GA.  Specifically, are there any lenders currently accepting 1) out of state investors and 2) 20% down terms?    This would be for purchasing 5 total units, but broken out into two different properties if that makes sense. 

TIA

@Rick Martin. Well put and definitely informative for anyone new to wanting to get their feet wet with syndication. After reviewing a few offerings myself and reading books, I would say its fairly accurate give or take a few % and $.  

I do not have experience in commercial, however, I believe the short answer most will point to is creating partnerships. Barriers to entry (mainly cost) as you mention is probably the biggest hurdle to get a deal going. That and lack of experience will create doubts when speaking to brokers/lenders; so building a credible team and/or partnering with others in the space is the go-to.

I used to live in your neck of the woods (JP) and although not my primary target market, I'm open to chatting if you like as I do believe Chicago is a good market.  Good luck out there.