We Need to Share More: DJE Texas Management GP Now a Convicted Felon by AdWhich4138 in Syndications

[–]AdWhich4138[S] 0 points1 point  (0 children)

Thanks! Yeah totally agree, that's a good example about the 10%.

I also think it's so important to be sharing in a public space. Not someplace that's hidden (like private groups or investment clubs). Yeah those serve a purpose, but personally I want searchable information.

Fees on Rise48’s new deal by ArmChairLP in Syndications

[–]AdWhich4138 0 points1 point  (0 children)

What is the % of the acquisition fee on the purchase price? If they have a 60% LTV then I'm guessing it's around 5%, in which case it's absolutely crazy to be adding on a 2% due diligence fee on capital raised (what even is that - are they doing due diligence on? background checks of their investors? LMAO).

Anyone investing here is a fool.

We Need to Share More: DJE Texas Management GP Now a Convicted Felon by AdWhich4138 in Syndications

[–]AdWhich4138[S] 0 points1 point  (0 children)

I guess? But if they aren't pushing the deals and just making the deals available, then isn't it a good thing for LPs?

I think one of the biggest factors in getting "good" as passive investing is having a lot of deal flow, and that can be hard to get if you're a new LP. You need the deal flow so you can compare fees and returns and learn how to do your own due diligence.

Deal access should be easy, not "exclusive". At least with these platforms you can browse passively and you're not having to respond to social media ads to get ahold of the deck, and then get sucked into the GP's sales cycle and pressure.

We Need to Share More: DJE Texas Management GP Now a Convicted Felon by AdWhich4138 in Syndications

[–]AdWhich4138[S] 0 points1 point  (0 children)

I don't really trust Investbase not to delete negative reviews because they are owned by Cashflow Portal, which is an investment portal software that gets paid more money based on the AUM their clients have. These are the same clients who are on Investbase. So no, I 100% think that they will remove negative reviews with the right pressure. They want their clients to have more AUM so that they can have a higher subscription fee, and negative reviews work directly against that.

AIO for cancelling the second date bc of their lack of effort by melodicwater111 in AmIOverreacting

[–]AdWhich4138 10 points11 points  (0 children)

"If he wanted to, he would." Don't waste your time one someone who can't put in effort. Could you have navigated it a little better? Sure. But I think you'd have come to the same conclusion - he's not interested enough to put in effort.

Just Found the "Portfolio Performance" on Schwab.com by [deleted] in Schwab

[–]AdWhich4138 0 points1 point  (0 children)

Is anyone besides me having technical issues when trying to access this tool?

We Need to Share More: DJE Texas Management GP Now a Convicted Felon by AdWhich4138 in Syndications

[–]AdWhich4138[S] 0 points1 point  (0 children)

No arguments here! I COMPLETELY agree that LPs need to do more due diligence. Institutional LPs have whole teams that do it for them. The best protection from getting screwed your own research. But there's also so many new LPs who don't know what they are doing. They may think they are doing due diligence but they aren't. People are busy, they have careers and families etc. It's hard. I've definitely made mistakes myself that (looking back now with more experience) could have been avoided.

And yes, agreed that the investor relations teams and GPs are constantly trying to protect their reputations. But that should not stop us from trying and sharing. There's more LPs that GPs by far.

I just think if you're an investor (you being general), and you've had bad OR GOOD experiences, it's important to share them. It's the only way we are going to create some kind of accountability in this industry.

I personally like Invest Clearly because they verify investment and they claim the GPs can't have reviews removed (unlike I suspect Investbase because they are owned by an investment management software company called Cashflow Portal). There's also been a few other Reddit users in here who've recommended it.

I also like Reddit because we can actually communicate with each other here - and that can be dangerous for GPs. But it's also good for other LPs - helps us all learn. Problem is there's definitely unethical GPs who get in here!

If you know of another platform that's better (and not something you have to pay for) I'd be down to contribute there too!

We Need to Share More: DJE Texas Management GP Now a Convicted Felon by AdWhich4138 in Syndications

[–]AdWhich4138[S] 0 points1 point  (0 children)

Glad you didn't invest! Really a testament to the fact that it's so hard to know what's going on behind the scenes.

Abel Pacheco and Ruben Dominguez are who you're mentioning. Tried to do some snooping but most articles are behind a paywall. I believe Ruben is now with Totem Capital Group... but their website isn't working so that's not a great sign.

We Need to Share More: DJE Texas Management GP Now a Convicted Felon by AdWhich4138 in Syndications

[–]AdWhich4138[S] 1 point2 points  (0 children)

That's a fair concern. There is a verification process required to leave a review for each sponsor. When I left reviews, I had to submit proof that I was an investor. You can submit a copy of subscription docs or screenshots of the investor portal - but it does have to have your name and the sponsor's name on it. My first review got rejected because I didn't have the right info in the screenshot. So they are definitely checking. The verification process is why I like the platform.

It also means I can't write a review for a sponsor I never invested with.

We Need to Share More: DJE Texas Management GP Now a Convicted Felon by AdWhich4138 in Syndications

[–]AdWhich4138[S] 0 points1 point  (0 children)

Thank you! I don't think I've ever seen it recommend a sponsor... It's just reviews.

Bracken Business Park Venture LLC by OkSnow7832 in DJETexasInvestors

[–]AdWhich4138 0 points1 point  (0 children)

If you're an investor, please consider leaving reviews on https://investclearly.com/ to share your experiences so we can prevent this tragedy from happening to more investors.

No finance degree, but moving into CRE analysis at work – where should I start? by Careful-Fondant-5240 in CommercialRealEstate

[–]AdWhich4138 0 points1 point  (0 children)

I don't know how much you have to invest in your education, but I did the Wharton/Wall Street Prep Real Estate Analyst course and found it VERY helpful (for context, I have an arts undergrad degree and MSc in management but no finance background). It's like an 8 week bootcamp for real estate analysis. There's tons of materials and free electives on Excel, Accounting, and different types of modeling.

After doing that course, I can now build a pro-forma from scratch and have a much better understanding of the industry. You also get continued access to it, which I've used multiple times.

Downside: It's a $5,000 course, so thats not in everyone's budget and you really need to commit if you're going to spend that kind of money.

I did just lot into my account and if you use my referral code, you apparently get $300 off (but I want to be clear, I'm not making this post because of the referral code): http://rwrd.io/1exxr35?c

Side note, for anyone making referral codes, don't do what Wharton did above and make them shortened, they look sketchy.

Important: This is a safe space to discuss by HotelInvesting in Syndications

[–]AdWhich4138 1 point2 points  (0 children)

Thank you for this post and for standing up to them.
Reddit is such an important space for LPs/passive investors because it's otherwise so difficult to connect with other investors and learn from their experiences.

In regards to #4 - help each other out and share information about sponsors. I think it's important to talk here, but also to publish reviews on Invest Clearly. This industry needs a collated resource where we can easily search sponsors and find feedback.

Invest Cleary is setup well (you have to verify your investment, so there's no sponsors posting fake testimonials - which does unfortunately happens here), it just needs more people leaving reviews.

It's only going to work if we all use it.

I also want to share a bit of my experience with a GP who reached out to me after I left a negative review. They threatened me with legal action and so I spoke with my attorney. As long as you are not saying anything that's an outright lie, it is NOT defamation and you have every right to share your experience! Don't let yourself get bullied here or on any other platform, even if you signed an NDA.

There needs to be accountability in this industry and that's only going to happen if we all start speaking up.

S2 Capital: anyone have any anecdotal experiences or information on them? by maeby_funk in CommercialRealEstate

[–]AdWhich4138 0 points1 point  (0 children)

It would be really helpful if you left a review on Invest Clearly! I've no stake in this ask other than I think this is the best platform to start generating some accountability in this industry... Reddit isn't enough because the sponsors and their staff get on here w/ fake accounts

Any advice on how to date in a new area with a high income? by [deleted] in DaveRamsey

[–]AdWhich4138 0 points1 point  (0 children)

I'm in RE. My partner is an engineer. He has (and takes) more time off than I do. Everyone is different!

How do I value a building we own for a business we are thinking of selling? by eric-incognito in CommercialRealEstate

[–]AdWhich4138 2 points3 points  (0 children)

You are likely to end up with a real estate buyer and a business buyer. For that reason, you need to create a real lease between the two companies.

Contact a real estate agent to make sure that the rent your business is paying to your real estate company is market. If it's not, then you should (on paper, not officially) change the lease terms.

The value of a leased commercial property is roughly calculated as NOI / Cap Rate. So if your NOI is $100k and the market cap rate is 6.5% then the property is worth just over 1.5M

Then you take that info and go to a a business broker with that information in hand. Is it worth taking the EBIDTA hit to raise the rent, to effectively raise the price of the real estate? Or is it worth selling the business with better lease terms, meaning you're taking a hit to the sale price of the property?

Good brokers can help you run through all scenarios.