TikkaShooter said:
Were your goals return based? Alternative to the market? Income replacement or just adding an income stream?
Thanks for the response.
I have a good job and other income so investment mainly appreciation based. 8% dividends are nice but jumped in mostly to achieve 2-3x in 5 yrs or so. If syndication is flat in 5 yrs, 40% return is not bad.
I have 9 investment properties in the Austin/BCS/Lake LBJ area that prob cash flow alittle but gains mostly from appreciation. Once I pay them all off, they should cash flow significantly around 200K/yr. With the high Tx prop taxes, it is very hard to cash flow carrying a mortgage. But given appreciation, I have 3-4x my investment in the past 7 years.
I have my medical business, retirement funds, actively managed investment properties, and was given the opportunity to get into passive syndication which has been great; Actually better than projected.
Wealth accumulation strategy for me is diversification, passive syndication just added to more diversification. The way everyone is moving to Austin/Dallas/Atlanta where my syndications are, I see a good outlook for apt syndications. Rent in these cities are going up substantially so if a syndication can manage expense, should do well.
My plan is to continually roll the closed out syndications into new ones if avail through 1031s. Best case scenario would be 2x every 5 years. So in 20 yrs, it could be worth 10M; I can dream right?
As I do not have need for rental income, I will push all the excess liquidity into new properties or pay down my current debt.
I am always looking for new properties and get 2-3 more in the next 5 years. With rates going up, I think homes will sit longer so might be a buying opportunity