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  • Love Carroll posted an update 5 months, 1 week ago

    Before raising money for the first deal, we thought the reason accredited investors would passively spend money on our deal could be due to return. However, with there being other syndication and investment avenues that a venture capitalist will go, offering solid returns can not be the driving factor. So, if returns aren’t their primary motivation, precisely what is? We now have narrowed down the passive investors’ three primary factors behind investing in a condo syndication:

    1. My funds are in good hands

    2. We are updated on relevant facts about the sale

    3. The process is hassle-free

    Need #1 – Is my cash in good hands?

    The target when managing other people’s money ought to be capital preservation. As with any investment, there are never guarantees – not for returns or even the preservation of capital. So, I must are aware that you might be proactively mitigating any major risks from the following these investing principles:

    1. Don’t buy for appreciation

    2. Don’t over leverage

    3. Don’t get expected to sell

    Also i must trust you being a person. I must have a very good feeling with regards to you and honestly think that you’ve my best interests in mind. This trust is made by the length superiority our relationship by you demonstrating your expertise through your experience, your team or your thought leadership. Using this trust, I am certain if you will possess wise practice, make good decisions, conservatively underwrite the deal, perform all the required due diligence before purchasing a flat at the very least, meet the projected returns you outlined. Finally, I would like to know that you’re responsive communicator. If you have an issue with the offer, I want you not only to notify me in the issue, but have a very proposed solution at the same time. Of course, if I find you having a question or concern, I expect that same lightning quick response having an answer.

    Need #2 – Will I discover status updates around the deal?

    Additionally, I must discover ongoing status updates of the project. On a consistent basis, I want a director level – not just a CEO or entry-level employee level – update about the deal with supporting data. To do this, the syndicator has to provide their investors using a monthly email update which includes these information:

    1. Distribution details

    2. Occupancy and pre-leased occupancy rates

    3. Actual rents vs. projected rents

    4. Capital expenditure updates with pictures of the progress

    5. Relevant market and/or submarket updates

    5. Any issues, plus your proposed solution

    6. Any community engagement events

    Need #3 – Is the procedure hassle-free?

    Finally, I want a hassle-free process. The reason why I am a passive investor happens because I must park my profit a good investment while not having to be worried about doing some of the day-to-day operations. I need a boring investment with little to no surprises. All I must do is read the monthly email updates and receive my distributions. So, to effectively provide investor distributions, generate a direct deposit, rather than sending checks inside the mail. Basically do touch base with a concern, I’d like a simple resolution with minimal forward and backward. Therefore, you need to proactively address potential concerns inside your monthly updates if an angel investor features a concern, have a very solution set up prior to replying.

    For more information about
    multifamily apartment investing take a look at our website.

July 2020
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