Originally Posted by
Gunfighter
I'm replying to a post in the 320/73N vs 7ER QOL thread over here to minimize thread drift.
Becoming a syndicator was high on my list of alternate careers during the VEOP period. The 36 month offramp from Delta would have made for a financially smooth transition. Ultimately it came down to lifestyle over $$$. Being a good syndicator is a full time job, which didn't sound as interesting as being a part-time pilot.
My Side Hustle as WB B on reserve is working out well so far. I'm moving from actively managing self storage into becoming a passive investor in apartments. It has even provided flexibility to play land developer on a JV with an apartment developer. Once I'm done with the entitlements, I'll enjoy the ride as an LP/KP in the deal.
I'm curious enough about the offerings on Equity Multiple that I signed up on the platform. My biggest question for this year is how aggressive the individual syndicators are with cost segregation and bonus depreciation. My assumption is that the equity deals provide K-1s and I'm wondering how much in passive losses they generate the first year.
How's managing Self Storage been for you? I imagine it's a bit easier than rentals. As far as the Equity Multiple Depreciation that will vary per deal. Equity Multiple does their own due diligence that presents what they think are good opportunities then you do your own due dillegence. There's an Equity Mulitple representative that can assist you as well with any questions. Overall I sign up and several sites like Equity Multiple, Realty Mogul, Crowdstreet and use them as a filter system to source potential deals. After that I read the materials documenting the deal structure then do a quick search on the Syndicator for reviews/track record.
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