All Forum Posts by: Marty Summers

I am in 3 different deals with REM of 300K total.  I started investing with REM Capital back in Feb of 2022.   As you can see below of our "hard earned capital" invested into three deals.  I can tell you that from the inception dates of our wired capital into REM, we have seen a total of $12.04K back in distributions over around a two year period.  As of today, all 3 deals are paused distributions.  I trust Robert's expertise going forward but at this point, the proof is in the pudding.  I think these properties will turn around in 2024 but this is all prefaced on interest rate cuts by the Fed,  I do not like that risk!!  We can blame interest rates and I understand how that has impacted MF investments.  However, I did not do enough due diligence for myself understanding they only had 2 year rate caps and floating rate debt.  I gave too much trust on their conservative approach and how these "great deals" penciled initially on paper.  I too, got caught up with the shiny object syndrome.  Now I see where they took on too much risk for their debt  services.  

I sincerely hope things change but if you had to ask me right now, I would accept all of my (300k) capital back if they wired it back to me tomorrow.  I have other Syndicators that are doing what they say they do under this interest rate environment.  Time will tell.... just wanted to pass along.

Also, is there anyone out here on BP that is invested in any of these deals?  If so, Please DM me .... please!

1.) Midwest Deal-  772 Units             --       (invested 100K on 2/22)  Paused Distributions

2.) Liberty Crossing, NC -  440 Units  --       (invested 100K on 2/22)  Paused Distributions

3.) Villa Neuva, TX-  306 Units          --       (invested 100K on 8/22)  Paused Distributions

 I would also like to know as I just found Norda Capital.  What is the risk here?  With interest rates rising, has Norda seen more defaults recently?  Does our money get spread across multiple notes in a fund?  

I'm gonna have a call with Norda....

@Jim Welch:

Yes very happy after 1 year. I am invested into their A series in Fund III and now Fund IV. Income side has been very consistent. 

I am not in in any B series because I use BAM for my income side. The BAM family is very well rounded with a clean track record.  I have visited them personally a couple of time since I am from Indiana.  If you want to talk further, contact BAM (Colton or Andrew) and they can give you my number.  Call or text anytime.

Take care

-Marty

@Ayman Omara sent friend request. What did you decide?

@Shawn York. Sent you a friend request

@Rick Petersen How much cash are you putting down? Are you able to do 100k?

Yes, just invested 800k into Fund III A series. Drove to Indianapolis and met the entire team while vetting out the assets.  Extremely competent team and great culture!!  We are looking to do more in the future with them as I am very bullish on multi-family investments.  Especially a great GP team...can't go wrong with the BAM Family IMO.

@Bobby Shell I just wired 300k to BAM Capital A series 10% fund. Looking to wire 500k more... I am 51 years old and this is my income. Just sold 709k of properties. I also have 209k with REM Capital...another good operator.

Can you give me your experience with BAM over the years?

Thanks

-Marty

@Tarik Turner That is exactly what I am looking at doing. Just want input from others.