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All Forum Posts by: Chris M.

Chris M. has started 2 posts and replied 12 times.

UPDATE: THIS DOES EXIST!

I made a similar post on Reddit and someone referred me to a platform where you can offer your syndication shares for purchase: https://www.lpshares.com/

Thanks for your suggestions Evan, I will take them under advisement.  Happy to share all information with any interested party even if they are kicking the tires.

Quote from @Paul Azad:
Quote from @Lane Kawaoka:

Reposting my response from that other thread you had here again:

Going to say this be great care as it is emotionally difficult to process, speaking from experience.

Properties bought in 2021 are worth about 30% less now. The market has corrected, and unfortunately, this means that the value of your investment has taken a hit.

The main issue is that these properties were purchased at a high basis, meaning you bought when prices were inflated.

Another thing to consider is your loan. If it’s coming due soon, refinancing could be tough. Banks have tightened their lending standards, and where they used to offer 75-80% loan-to-value ratios, now they’re only offering 55-65%. This could mean higher monthly payments or even the need to bring additional cash to the table.

It's a tough situation because these kinds of deals, especially ones from 2021, are facing what we call the “kiss of death.” They just weren’t bought at the right time, and the market hasn’t recovered enough to bring those values back up.

It really has nothing to do with operations of the asset. Its simple what is the BOVs and where is the senior debt.


Good discussion on this topic here: 

https://www.biggerpockets.com/forums/926/topics/1195469-synd...

Interesting thread but to be 100% clear none of my Syndication leads have gone silent. I receive regular updates from them like clockwork and in fact Brian Burk from Praxis is one of my Syndication leads and he posted on that thread.  I have been happy with both of these investments but I am just in a tough spot.  It's not them, its me - type of situation.

Quote from @Lane Kawaoka:

Reposting my response from that other thread you had here again:

Going to say this be great care as it is emotionally difficult to process, speaking from experience.

Properties bought in 2021 are worth about 30% less now. The market has corrected, and unfortunately, this means that the value of your investment has taken a hit.

The main issue is that these properties were purchased at a high basis, meaning you bought when prices were inflated.

Another thing to consider is your loan. If it’s coming due soon, refinancing could be tough. Banks have tightened their lending standards, and where they used to offer 75-80% loan-to-value ratios, now they’re only offering 55-65%. This could mean higher monthly payments or even the need to bring additional cash to the table.

It's a tough situation because these kinds of deals, especially ones from 2021, are facing what we call the “kiss of death.” They just weren’t bought at the right time, and the market hasn’t recovered enough to bring those values back up.

It really has nothing to do with operations of the asset. Its simple what is the BOVs and where is the senior debt.

@Lane Kawaoka Dude you already posted this on my this thread and on a seperate thread I created. Basically the same post three times. Then you found me on LinkedIn and messaged me the same thing - stalker much?  Cool it please, I never asked for your generic assignment of my portfolio.

Its really just this post and someone said I should post on reddit which I did.  I was hoping that there was a platform to list these types of investments for sale as there is with private stock options but sadly one doesn't seem to exist.

Quote from @Paul Azad:

Many Multi-Family properties acquired in 20/21, are down 25-35% due to rise in interest rates in 22-23, often wiping out much of the equity, so property unlikely to be sold in next few years, may be hard to find a buyer just now for units, but good luck. May want to post a reddit/syndication thread

Generally speaking Paul you are not wrong but these two portfolios have equity left.  Thanks for the suggestion to post on reddit!

No capital calls and they have paid distributions. For the rest I have detailed information that I will share privately with any serious buyers.
I am looking to get as much as possible, I think I should get a premium since they should both sell in the next year or two at a profit. You may look over the data and feel differently. If you're interested I can send you the info and you can make me an offer.

Thanks - I have already looked into this and both my investments allow you to sell, neither allow you to "cash out". One has a provision I have to offer it to the other investors first but I have already done this and now I am free and clear to sell it to another party.

Bummer there is no platform for this, seems like a good idea for a startup!

I guess my classified post here will have to do:

https://www.biggerpockets.com/forums/517/topics/1194691-equi...

Does anyone know if there is a website or platform that connects people looking to invest in a syndications and those that may want to sell their shares? 

I own equity in two different syndications, one managed by Brian Burke's (Hands-off Investor) Praxis and another is managed by Robert Kiyosaki's (Rich Dad Poor Dad) property manager MC Companies.  They are very similar investments and unfortunately due to unforeseen circumstances I need to sell one of these investments.  I was looking for a platform where I can list the investments for sale but I can only find sites that allow you to sell stock options in private companies but I can't find any that allow you to sell share in syndications (LLCs).

I have worked with MC Companies, Inc. (Robert Kiyosaki's property manager) and  Praxis Capital, Inc. (20 years in business, managing over 100k units). I am happy with both and they have been in operation for multiple decades so your mind is at ease working with these groups.

Due to unforeseen circumstances I am actually looking to sell one, if you interested PM me:
https://www.biggerpockets.com/forums/517/topics/1194691-equity-shares-available-houston-and-atlanta-multifamily-portfolios