We are here to answer all your investment questions! If you don’t find the answers you need below, just contact us and we will see what we can do.
Also check our blog posts for more in depth discussion of real estate investing!
What is a Passive Investor?
A Passive Investor is someone who puts money into a real estate syndication and receives distributions, tax benefits and back end profit. They do not need to deal with the day-to-day running of the property.
What is the minimum investment amount?
Each deal has its own minimum investments, but usually the minimum is $50,000. People who invest more are given priority in particular deals.
How long should I plan to have my money invested?
Most projects are held for a minimum of 5 years before they are sold or refinanced. You should plan on having your money in the investment for that long. If a major life event happens and you need your money back at some point before the 5 years, 23rd Street Investors will do everything in our power to help you get out of the investment, including buying your investment ourselves, but there are no guarantees.
How often will I receive distributions?
Most sponsors talk about monthly or annual returns, but most distribute income on a quarterly basis. Depending upon the project, initial distributions may be delayed by 6 to 9 months while improvements are being made and occupancy is being increased.
Can I invest with retirement funds such as my IRA and 401(k)?
Yes, you can use retirement funds without incurring penalties! This is one of the best unknown strategies for investing capital that is already passively growing for your retirement. In order to do this, however, you will need to convert your IRA or 401(k) to a Self-Directed IRA or 401(k). By rolling your retirement funds into a Self-Directed Fund, you can invest in many alternative assets such as real estate. You have total control of your retirement investments and are not limited to stocks and mutual funds. There are various rules associated with the conversion. Schedule a call with us if you have specific questions or need help setting it up. We work with various professionals that can assist you.
What are the risks?
Commercial real estate assets like multifamily operate independently of the stock market. In fact, they tend to fare better in recessions. They also tend to be safer investments than single family homes because if one tenant moves out, you still have the others to pay down the mortgage. With that said, there are risks associated with any type of investment. Each deal has its own risk analysis and you are encouraged to read the documentation thoroughly before investing.
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NO OFFER OF SECURITIES—DISCLOSURE OF INTERESTS
Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of the Confidential Private Offering Memorandum relating to the particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments. You should always consult certified professionals before making decisions regarding your individual financial situation. Nancy Chillag, Anthony Siacotos and 23rd Street Investors are not a brokerage, dealer, or SEC-registered investment advisory firm.