All Forum Posts by: John Ki

Thanks for all the replies. One suggestion is joining Communities. Does it mean joining BP or something paid like passive pockets and becoming a Pro member. I also saw Spark Rental Investing run by G. Brian Davis which meets regularly and vets the deals.  I found out after reading an article in email from BP and then googled to find this thread.

https://www.biggerpockets.com/forums/48/topics/1162486-spark...

Thank You Bruce for taking time and giving such a detailed reply. Much appreciated. The biggest reason that I have not invested in real estate is, "who to believe?. I need to follow your posts as they are full of experience and wisdom. I see you are in Coppell and can guide us in DFW market whether buying rental home or investing in syndication. 

How do I find this who help review sponsors on BP, Twitter or LinkedIn?

I am considering investing in real estate in Dallas Fort Worth area or surrounding suburbs. Either buy a home (may be new home) and rent it out - but property tax going up, home insurance going up (30%), mortgage rates high, property prices high, then have to manage anything breaking down and I am not good at fixing things so I need to know reliable companies which don't over charge or let management companies take over but they charge 10% and already worried if there will be cash flow in current market.

I was suggested to invest in syndication and have attended few investment presentations. All of them look and sound great on power point presentation. I don't' think they let you see books to verify the numbers being presented especially as a single LP.

Are there any third party advisors/syndicators to evaluate the deal/presentations and help you with what questions to ask to help evaluate a deal, to find out more about track record of GPs running the deal (other than stated by them) and see if it's worth investing?

There is a newly built Class A 47 unit rental property  Sky View at Crawford ( lease up from 0% to hopefully 100% and value add by garage parking, valet trash etc ) by ​Skyview Capital, a DFW based Commercial Real Estate Development and Acquisition company as General Partners. Plan to lease up new property, have tenants with positive cash flow and then sell in 3-4 years as cash flowing business to get buyers once few years data becomes available for the buyers.

GPs are https://www.skyviewre.com/

 Does anyone know the GPs? Any feedback? What due diligence should I do? Can I post terms/details of the deal?