All Forum Posts by: Amit M.

Talk to your insurance company. They should be the ones going after his insurance company. Have them do the leg work :)

@Stuart Udis

agree
100
percent
——————
3words

”As an investor, you aren't buying a tenant. You are buying a property that attracts a particular tenant base.”

Truth! And that is why I sold off in 2021-22 some properties after Covid killed (sic) the aspirational tenant base of lesser costal urban locations…all of a sudden the good tenants don’t want/need to live there anymore.

TLDR:

ghetto
gentrification
aborted
—————-
3words

Safe to say that many punters who invested in low cap rate syndication deals, especially during the peak of the hype, are getting schlonged right now. 

What Joel said, yes

DST industry cheerleaders, meh

@Jon Taylor I agree with those basic generalities. But I’m asking in practice how DSTs have fared in the last few years. Have more gone belly up? How about reducing or eliminating quarterly payments? Sure DSTs are more conservative in nature than syndications, but what are the statistics on their overall performance been over the last 5 years? Particularly the DSTs focusing on multi family, as the rise in vacancies and lower rents must have effected them too, especially in markets like Austin, Phoenix, Vegas, etc.

@Jon Taylor so given the info you have access to, can you give us an overall idea of how DSTs have preformed compared to similar apartment syndications over the last several years? How about DSTs in the office, retail, etc. spaces? I'm particularly interested in pre vs post Covid DST acquisitions, and how they have fared. I imagine that some DSTs are failing, but the question is how prevent that is, and what are the circumstances of those DSTs in trouble versus those that are meeting their return expectations. We know that there is a bloodbath in apartment syndications, so I'm wondering how they fared to DSTs.
Thanks

As @Joel Owens mentioned above, there have been *a lot* of multi family syndication fails recently. I'm wondering if the same thing has been happening in the DST space? Anyone with some data on this? Please chime in :)

“Should I start with a condo (about $400K for a studio/one bedroom) since that would be less than a single family home (800K+)?”

FYI- Those prices are at least double, for decent neighborhoods in SF.

@Frank Chin thanks for those specifics. We had similar ups and downs, but overall the market went up a lot as long as you held. 2 questions for you:

1- what part of NYC did you invest in? (I’m guessing Queens or Brooklyn)?
2- do you think manhattan had smaller down markets (and more appreciation) than your location?