All Forum Posts by: Dan Rowley
Dan Rowley has started 0 posts and replied 202 times.
Post: Beware I lost big with the Blake Capital Group & Ian Djuric!
- Investor
- Cary, NC
- Posts 208
- Votes 185
If others have experiences investing with this group (good or bad) they can/should review it on this 3rd party sponsor review site: https://investclearly.com/sponsors/blake-capital-group
Others in the investing community can benefit from unvarnished feedback/review.
Post: Rise48 Preferred Equity Fund / Capital Call?
- Investor
- Cary, NC
- Posts 208
- Votes 185
There's a 3rd party site that is dedicated to Syndication group ratings/reviews. I'd encourage any Rise48 investors to weigh in on your experiences, either positive or negative. https://investclearly.com/sponsors/rise48-equity
Post: Anyone has invested with Open door capital? How was your experience?
- Investor
- Cary, NC
- Posts 208
- Votes 185
I'd suggest anyone in this thread with bad (or good) experiences with ODC could post a review on the InvestCleary site, so others may be forewarned. It's 3rd party site with no affiliation to ODC.
Post: Anyone has invested with Open door capital? How was your experience?
- Investor
- Cary, NC
- Posts 208
- Votes 185
Quote from @Joey Wilson:
Not the not greatest experience so far I'd say. I put 100k in 2021 and I've seen $355. Do the math on that cash flow lol.
Last week they did a call low key saying if everyone in the fund put 19% more in, we possibly save it, but a high chance we just lose our entire investment.
hope that helps!
@Joey Wilson thanks that's helpful additional color. 2021-22 were when assets hit peak pricing and so if this fund deployed all/most of the capital at that time I'm guessing their asset values are 30%+- lower today. I'd be very careful in your analysis and make sure that you really believe that additional 19% can actually save the deal or else you would be just throwing good money after bad.
Post: Anyone has invested with Open door capital? How was your experience?
- Investor
- Cary, NC
- Posts 208
- Votes 185
Quote from @Joey Wilson:
@Sean Barber same. Can't believe we're getting scammed by BT. Didn't see that one coming.
@Joey Wilson Being 'scammed' may not be the right term here, but surely it's disappointing if you may lose some invested capital and I'm not minimizing that.
There are many sponsors groups - like this - that had large audiences & influence for $ capital raises but when it came to business plan execution have some combination of: 1) poor debt structures / very high leverage, 2) Unrealistic/aspirational Underwriting 3) ineffective property operations (typically 3rd party)
Post: Ashcroft Capital Syndication
- Investor
- Cary, NC
- Posts 208
- Votes 185
there is a fairly new website dedicated to LP reviews of operators - investclearly.com and I'd encourage those with good or bad experiences to share them so other in the investing community can benefit. https://investclearly.com/sponsors/ashcroft-capital
Post: First Deal in Need of Second Opinion
- Investor
- Cary, NC
- Posts 208
- Votes 185
Quote from @Brendan Lim:
Hey everyone,
I'm a first time real estate investor looking to close my first deal in Columbus, OH. I've got a lot of conflicting ideas bouncing around in my head, and I'm afraid I'm falling into analysis paralysis.
Are there any experienced real estate investors in Columbus, OH who would be interested connecting?
I know that real estate is super specific to the locale, and I'd love to hop on a quick call with someone who has context in the Columbus market.
Without digging too much into the details, I'm under contract for a duplex in the Franklinton area. The units are pretty much turnkey, but my analysis shows that the property will barely break even. In short, this would be an entirely appreciation-based investment.
Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating.
I feel that I don't have enough experience to know if I could do better or worse. At the same time, I feel that time is against me. People always say the best time to invest in real estate was last year.
I'm not sure why one would choose to make an (active) investment that is break-even, when there are other (passive) opportunities for RE ownership that can produce cash flows - i.e. private equity/syndications. just my $.02
Post: Grocapitus - Anyone have experience with them?
- Investor
- Cary, NC
- Posts 208
- Votes 185
there's a fairly new 'syndicator review' site and I'd encourage those in this thread who have invested with them to publish their review: https://investclearly.com/sponsors/grocapitus-investments
Post: Ashcroft Capital AVAF2 Fund 2 Status - Potential Capital Call?
- Investor
- Cary, NC
- Posts 208
- Votes 185
there is a fairly new 'syndicator review' site and I'd encourage those affected to post their honest, unvarnished reviews: https://investclearly.com/sponsors/ashcroft-capital
Quote from @Kevin Bartel:
Quote from @Dan Rowley:
@Kevin Bartel welcome to BP. it's true the SFH or small multifamily rentals barely will pencil anywhere these days for a couple of years now even though it's the best way to really learn RE investing as a beginner. syndication/private equity deals have a much better chance of penciling and providing decent CoC as there are more economies of scale and sophistication at the GP/operating group level in general.
Cheers!