All Forum Posts by: Tom Ravid

@Ben McMahon thanks, I will PM you. 

@Bryan Hancock, I understand what you are saying. I have been looking at small deals, small commercial properties, it looks like there are some very interesting investments that can be made. 

@Bryan Hancock , @Jim Groves, thanks for the replay. 

I understand why on small offerings you would like to "cut" on the legal fees. It also looks like this is pretty complex software for different types of offerings. I am wondering, on simple real estate deal, do you actually need all that complex flexibility? 

Bryan thanks for the replay. 

I took  a look at iDisclose, impressive software, thanks for the link :). 

Can you share with me your thoughts about these type solution for PPM creations?

I have been an investor in real estate syndications for many years. I was always liked these types of investments. Sometimes they are very complex for me to understand, many legal documents, many clauses....

I have some tech background, with some spare time. I started working on software for real estate sponsors that helps creating investment offerings (investment memorandums & PPM's). I'm working on a program that allows sponsors to input their business plan (can even be a single-family home and outputs a nice investment memorandum with a basic PPM for investors.

I'm working on the software (it's a hobby), but I was wondering if there is anyone here with experience in syndications (also as investors) to share some ideas with?

Thanks! 

I think that this really depends on the amount of involvement and risk the people in the deal want. 

If they are all professionals, with understanding and they get along well - you can create a simple partnership where all decision making can be done by voting. There is also a question of financing, do you have financing? do you want financing? who will sign the note? 

If you have partners that want to be passive, you want to use financing, and you want to avoid a complex diction making process (4 people agreeing on something can be complex), you may need to create a syndication. 

@Dedric Polite I would start with my investors. Creating a syndication is not a cheap process. There are many upfront costs, most are non recoverable. 

If you have a property that you know that your investors would like to invest in, and you know your investors (if they are accredited or not), then you can think about syndicating a deal.