All Forum Posts by: Matt Pursley

@Dave Rav Thanks for your feedback. I'll check out your post. Interesting that you've constantly found watered down returns. I've seen strong performing syndications on a regular basis. While I understand the lack of control, I haven't experienced that as a negative yet. When I said "Not know of good opportunities" I was simply asking if people aren't aware of the variety of syndication opportunities.

You have your niche and focus and that's great. I'm glad you found something that works for you and appreciate your feedback

@Scott Johnson Thanks for the comments. Trust is totally key. I'm glad you have a mentor that you trust. Good mentors can be hard to find.

@Evan Polaski I love your diversification around the different real estate asset classes. Sounds like you've thought through your plan and it seems to be working for you.  I agree that the "complexity" is not as complex as people think it is before they do a deal. I've found syndications to be quite simple. 

@Lien Vuong I understand your sentiment, but I do have to share we have participated in a fund that allowed for 90% depreciation in year 1. A significant tax advantage then with strong returns the following year. 

@Paul Moore Love your thoughts and your perspective on "lack of control". I think many people were pitched real estate as a way to control your assets against the stock market. However, I think some take that too far. As a participant in syndications myself, I agree with your comments of partnering with someone who's obsessed about the investment. 

Also to your point of diversification we have several asset classes around the country. The opportunities that exist to allow someone to get into any asset class at any part of the country is a huge advantage.

Of course, bad syndicators can ruin any opportunity. 

Thanks to all of your for your feedback.

Hey everyone! I'm curious on your thoughts as investors. As someone working in different syndications I'm curious what, if any, your reasons are if you have NOT done a syndication?

As I'm learning every day, I want to understand why some people aren't interested. Is it because you don't know or trust the individuals? You like more control? What about that control do you like? Do you not know of good opportunities? What other reasons do you have? 

Thanks for your feedback in advance.

-Matt

If you want to separate family from business, then just don't rent to family. I don't know your situation, but I have to say I hear more bad outcomes than good - but that's just me.

Not sure how many rentals you own, but different apps offer different services. Cozi is popular. Rentredi. ReSimply. 

Bigger pockets has tons of recommendations. Apartments.com has lots of articles. Also, doesn't look like your a pro member, but BP Pro gets lots of extra perks like Lease Agreements, Rent Program discounts, Etc. 

@Malcomb Stapel

Here's a good starting point. 

https://www2.deloitte.com/us/en/pages/financial-services/articles/blockchain-in-commercial-real-estate.html

I don't know about you, but I love both the Real Estate markets and the Crypto markets. There's been talk of how these will intersect and it's already happening in some spaces and I'm not talking about Metaverse Real Estate (Although I think some of that will make some people VERY wealthy).

I'm talking about real physical real estate providing access to crypto investing and returns, and here's the crazy part...It has the potential to offer all the great things real estate does like depreciation, hedge against inflation and cash flow, all while exposing you to the high reward of Bitcoin's upside and decentralized nature. 

I'd love to hear your thoughts on this, and if you're not sure what I'm talking about but it sounds interesting to you, let me know. 

It's tough to be forward thinking, but there's a reason for centuries people have said, "The Early Bird Get's the Worm".

Gary,

To be clear, you do mean private money and not hard money right? A lot of new investors use those words interchangeably when they are in fact different. Private money is from someone like a friend or family. 

As far as good terms go, a starting point is to consider where both people win. Talk to your private money lender and ask them if they have a return they'd like to get. It's best when you present a deal with request because you can walk them through how you will be able to control the asset and assure them their money will be safe. 

6%-8% is fair depending on the time you want to hold the loan. Private money is best used for quick scenarios. 

I've offered a private money partner 10% because I knew it would be super fast easy money. He gets paid back quick and we both win.

Hey Brad,

Glad you're here. You'll never stop learning. We're always experience new things and learning new ideas. What kinds of multi-family things are you looking for? Small 2-4plex or large commercial properties?

If you're interested, shoot me a direct message and we can set up a call. I'm happy to hear some of where you are and see if there's some natural overlap. All the best.

As a first time buyer, no money down from a commercial loan is not likely. LIttle money down is possible but that often comes with good relationships with your lender. 

I recommend "Crushing It" by Brian Murray if you're interested in commercial real estate. Be creative and get to know a commercial lender at a bank. Share with them your financial reality and see what they can offer you. 

Where do you live? Are you comfortable investing out of state? 

It's not always true, but a lot of times you have either an area that is strong cash flow but poor appreciation, or poor cash flow but high appreciation. It's great to find both. 

As far as markets that might fit this, the midwest has lots of options. The south east. You just have to decide what you're looking for. I live in North Carolina and the properties for less than 100k are in the worst parts of town with the biggest headaches. If you're ok with the headaches then you can find them here, but they won't appreciate as much as more desirable areas. 

have you explored www.startengine.com