All Forum Posts by: Carl S.

Investment Info:

Large multi-family (5+ units) other investment in Pryor.

Contributors:
Rodney Miller, Mike Vann

Syndicated the acquisition of a 100-Unit apartment community with my partners at Trident Multifamily and our passive investors. After 6 months of operations, we are on track to meet our projected returns of more than 12% Cash-on-Cash return for our investors

How did you finance this deal?

Freddie Mac SBL

Thank you @Brent Paul

Investment Info:

Large multi-family (5+ units) other investment in Pryor.

Contributors:
Mike Vann

Syndicated the acquisition of a 100-Unit apartment community with my partners at Trident Multifamily and our passive investors. After 6 months of operations, we are on track to meet our projected returns of more than 12% Cash-on-Cash return for our investors

@John Turner you just missed our multifamily meet up in OKC over the weekend! We have Multifamily in Oklahoma and set to close 174-unit deal in Tulsa at the end of the month. Will gladly let you follow the process if that is of interest.

@James York Congrats on taking action! So many people talk about wanting to get into real estate but never take the first step like you have done by engaging with people who are!

Not sure what real estate you would be thinking on investing in within the US but I could possibly be of assistance. I am originally from South Africa but now live in Texas and work with international investors.

You’re welcome to inbox me.

Congrats again and keep up on going!

Syndications require more than just an RE attorney, you need an SEC attorney else you could run into trouble with the SEC. Kaliser & Associates are local in DFW and handle many syndications, they have done work for me in my deals. Greg will be a great point of contact. You’re welcome to message me if you would like an introduction

@Brandi Graham Great post!

In my opinion, it all comes down to your goals and your time! I've seen many people pay large amounts of money for mentoring and not be able to fully utilize their investment. I have personally invested in a mentor ($30k+) and for me, I would not think twice do it again! However, I still don't recommend it for everyone! 

I am also in DFW, I'd gladly meet for coffee and share my experiences to hopefully better assist you in evaluating if paid mentoring is something you absolutely need to do and if so, with who. Let me know if you'd like to meet, and that goes for anyone else in DFW reading this who may be in a similar situation.

Hey @Paul P.

I'll gladly meet for lunch! I'm in the multifamily space (have ownership in ~550 doors) and will gladly share my experiences on that as well as local groups. I run around the metro most days but live on the Fort Worth side of town. Check your inbox

The title company should’ve handled that! Check your closing statement as they could’ve included them in there and offset how much cash you needed to bring to closing? If you have the leases (hope you got those?) and deposit amounts are stated in the leases then you has a strong case to get the deposits as technically the deposits belong to the tenants and are just held by the owner. Assuming there were no realtors involved in the transaction?

First point of call should be going back to the title company.

Quest Trust Company is great. The majority of my SDIRA investors are with them and they have been very efficient on our latest syndication.