All Forum Posts by: Ashley Wilson

@David Thompson wow!!! Thank you so much for your time, and your suggestions.  All of your points clearly demonstrate your expertise in this field!   Last weekend, I read through several of your blog posts, and you truly know this topic well!  Thank you again for your insight!  

And one last post...the offering is now open!!! Please feel free to contact me for details, if you are an accredited investor, looking to passively own an apartment in Houston, Texas.  PS- Did I mention the offering includes two apartment buildings with adjoining lots ( .7 acres, and 3+ acres that can be developed and are not limited by zoning, which are not included in the underwriting, but are included in the offer?!?!?)...just one of several conservative underwriting factors in this offering:)

Wanted to follow-up to anyone following this thread. Recently, we added a kicker for anyone investing 500k+, and there is only one spot remaining on this bonus offering.  The projected returns are quite impressive! If you are interested, please contact me for further details!

@Ivan Barratt thank you so much for your comments! Really great suggestions, and I think you are right.  I spend a lot of time educating myself on syndications, but I need to focus more on sales training.  I am sure I have a lot to learn in that category!  Thank you again!

@Kim Lisa Taylor thank you for your response.  There are a few GP's and several of them have a lot of experience and are approaching their networks already.  However, we are all responsible for telling our own networks about the offering. Your suggestion for an educational event is a great one, and we actually did it a couple of weeks ago.  We also recorded it, so we could distribute it to others who are new to investing too.  I plan to do a few mini educational short video clips in the future, to provide references to future potential investors too.  Thank you again for your suggestions, and your feedback!!

@Chris K. thank you for your post! I am going to read it tonight! I do agree that salespeople come across sometimes as sleazy, and I never want to be that person.  I look forward to the read, and can't thank you enough for taking the time to write your post.

@Todd Dexheimer thank you for your post!! I think you are spot on with educating your investors.  Specifically, I think this opportunity allowed me to provide information on multi-family investing to many of the potential investors.  I am guessing my next offering will be a lot easier, as I will only be educating this network on the opportunity and not multi-family investing too!  Thank you again!

@John Casmon thank you very much for your input!! With respect to your questions, some of them have never invested in real estate before. Therefore, when they see things like 17% IRR, and compare it to the 8% average stock market returns, they are blown away. Then when I tell them additional details, not included in the underwriting that would yield a potentially higher forecasted return, coupled with the fact that one of the GPs was in a similar deal located close by which sold after only 2 years for a 52% return (recently), it obviously excites them.

The partners have visited the property several times, have talked to locals, and have performed secret shopper.  We have all reviewed the comps, as well as other full cycle deals (for example the one I listed above).  The group that we are partnering with on the sponsor side has a relationship with the property management company in the area that also assisted in finding opportunities.  The business sector is actually one of the highest growing in the country, and the rent growth is reflective of this.  The hurricanes did not impact this area, and no insurance claim was issued due to hurricanes while the seller has owned the property (for the past 11 years).

I think you have a great point about not "selling" the offering.  At the end of the day, it's an opportunity. 

Thank you again! 

@Jay Hinrichs thank you for your input!  Since I posted, I have actually have had a lot of interest from my network.  The numbers are pretty strong, and have actually increased since my original post as the appraisal came in significantly  higher than our purchase price.  

I also agree that syndications are a tough undertaking, however, I am an extremely hard worker and my network knows that about me too.  The dynamic of the GP is such that we all bring an unique skill set to the table, coupled with the fact that we are all investing in the deal personally too (alongside the LPs). 

Thank you again for your input, I really appreciate it!

@Kay Kay Singh thank you kindly for the link and for the tips!!  We have professional presentation material already, and we created a couple of webinars too.  I will take a look at the Joe Fairless link you sent too! I have been listening to a lot of podcasts recently on apartment syndication (and obviously several of them are from his show:)).  Thank you so much for your time again!