All Forum Posts by: Taylor L.

Depends where you are. We're having success in Texas's major markets. Where are you located? How much equity will you be deploying and what type of assets are you looking for?

 Feel free to send me a DM and we can set up a call

IMO @Michael Wagner has a great platform at Storage Rebellion. Particularly because he does a great job encouraging & facilitating his students connecting & sharing with one another.

I would bet there are some awesome untapped storage opportunities in Central PA for someone willing to put in the legwork

@Chris Seveney syndicators do provide FMVs, typically for SDIRA annual requirement purposes. The issue is that those FMVs are rarely, if ever, marked to market. Meaning they do not discount to reflect the actual secondary market value for the syndicated security. FMVs from syndicators will often just be the value of the individual's dollar investment in the deal. Not the most accurate valuation for this purpose, where the illiquidity discount is highly relevant.

@Steven Medina I've been wondering this myself lately as well, if you do find answers off of BP please do let us know. 

Pick up Hunter Thompson's book on Raising Money for Real Estate. That book will teach you best practices for getting started. Simply put, there is no one simple trick that'll do it. Raising money is hard and takes time.

Speaking as a multifamily investor, we do this all the time. However, we invest in sunbelt states that are more landlord friendly. The real concern I'd have investing in NY is whether you're walking into a professional tenant situation.

Everyone has different risk tolerance and investment objectives. So any one person's answer to the question will be shaded by their own appetite for risk. 

I agree that Florida right now is difficult, largely because of the insurance issue. That particular problem only seems to be getting worse, unfortunately, with more and more insurers leaving the state over time.

You may be missing the opportunity that can be found off-market from distressed sellers. They're difficult to find, but distressed owners are out there. However, again, if they're not in line with your personal risk tolerance than that's okay - your risk tolerance is your choice and your business alone.

Sounds like it's time to get attorneys and courts involved.

Regarding too good to be true: syndications do carry risk, and responsible syndicators do disclose those risks. 

If you're researching a particular company, I'd start by googling the company, all of the principals, and looking at their actual owned properties. You can find the properties' websites, pull up publicly available ownership records, take trips to the properties, and so on. It's not too difficult to find out if a company operates their properties efficiently and treats their tenants well.

You can also hire a securities attorney to review investment documents. It's not cheap, but if you're new to the process & doc review that can be money well spent.