All Forum Posts by: Forest Wu

My family owns four SFR's in Las Vegas and are currently looking for a property manager. Any recommendations would be greatly appreciated.

Thank you.

Sabrina

@Sabrina Liggett hi have you found a PM? What is your experience and how is it going? Would you recommend them?

Hi BP,

My wife and I are currently looking in Las Vegas and would like to know some of the best, reliable property managing companies in Las Vegas. This would be are first time going through this process and we know how important it is to find great property managers?

Hi BP!! 

Has anyone had any luck with finding a good property manager in Las Vegas? Please send all recommendations my way please. Thank you! 

The best way to gain insider information on off-market syndication opportunities is to network actively. Joining SponsorNetwork, a product by SponsorCloud, could be a great way to start. It's just like Facebook but designed for real estate syndication. Here are the top 3 ways it can help you:

1. Through SponsorNetwork's social platform, you can connect directly with active deal sponsors. The platform's powerful filtering capabilities allowed me to target potential syndicators based on their location, investment focus, and area of expertise. This helps you discover the GPs and operators whose deals aligned perfectly with your investment goals.
2. Ditching cold calls is a game-changer. SponsorNetwork will provide you with VIP access to exclusive, in-person real estate events held quarterly across major markets. These events are a fantastic chance to connect directly with established GPs and operators, learn from them, and forge face-to-face relationships.
3. SponsorNetwork also allows syndicators to submit their offerings for hosted webinars. This means active sponsors can participate in live Q&A sessions to get all their questions answered directly. Plus, if you can't attend a live session, recordings are circulated afterward for your convenience.

By exploring SponsorNetwork's features, you will be able to transition from being an outsider to an insider in the off-market syndication deals.

@Jay Hinrichs regarding your point #8, what is interesting going forward is seeing how capital calls play out. What percent of GPs making capital calls will actually manage to minimize losses vs GPs that end up loosing all that money too for the LPs? 

Unfortunately LPs, in addition to being in bad deals are also deciding on capital calls. Personally I think more often than not it will be throwing out good money after bad, but seeing which capital call end up saving the day and which won’t will be interesting. 

Another good question is if the syndication failure rate will be lower or higher than during the Great Recession of 2008-2010. Of course we didn’t have as active of a BP, social media, etc. scene back then. But flipping SFHs was out of control during that time and got a lot of media attention. I think syndications were less known to the general public back then compared to this cycle  

Some interesting post-mortem analysis to be had for sure; I’m just relieved that I’m sitting on the outside looking at all this. But it’s times like this that create valuable investing lessons to be had nevertheless. 

 Chris I have list of 25 GP to avoid.

But if I post this I would have 30 people mad at me and maybe the BP CEO too.
Why I shall take the risk ?

This post has 30+ comments, but has anyone actually roasted a GP yet?

@Brian Burke I think a great sponsor is someone who pulls out of the market when all signs point to a very frothy bubble, even while every other sponsor is forging ahead.

I applaud you and the Praxis group for having discipline and integrity. You gained credibility when you took personal risk to protect your LPs during the prior downturn, and you’ve secured my trust with your actions during this cycle.

Counter-cyclic investing is an aspiration that few achieve - kudos to you.