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Passive Income MD's ASCENT EQUITY GROUP MULTIFAMILY FUND 1

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  • VagabondMD
    replied
    I am $150k into the private real estate fund sector with very little to show for it. I think it is a good time to pause and see how things turn out before looking for new "opportunities".

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  • CordMcNally
    replied
    Originally posted by MPMD View Post
    i am really starting to feel like we are about 7-8 years out from a great Michael Lewis book (or at least New Yorker article) about the rise and fall of private real estate funds.

    "investors were attracted to their promises of high returns and diversification while they ignored the real risk of capital loss if the real estate market sunk."
    Should be enough content for an entire American Greed season.

    Leave a comment:


  • MPMD
    replied
    i am really starting to feel like we are about 7-8 years out from a great Michael Lewis book (or at least New Yorker article) about the rise and fall of private real estate funds.

    "investors were attracted to their promises of high returns and diversification while they ignored the real risk of capital loss if the real estate market sunk."

    Leave a comment:


  • Craigslist
    replied
    is OP a peter kim bot?

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  • Hoopoe
    replied
    I think they have some good and established partners who I like and have other investments with, so hopefully it's a way to get into the same deals with a slightly more favorable fee structure. However I do wish they would have improved communication and a more confidence inspiring unified company front, but with 3 docs working you get lower fees but not the full time PE real estate experience either. I did invest with them but not a huge investment and am pretty neutral on the whole experience thus far.

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  • Lithium
    replied
    Let a new sponsor take their lumps with someone else’s money.

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  • CordMcNally
    replied
    Another real estate opportunity? Awesome!

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  • Passive Income MD's ASCENT EQUITY GROUP MULTIFAMILY FUND 1

    Hello all,

    I saw that Passive Income MD, Peter Kim, and a couple other physicians are forming their own fund, as above. The preferred return, fees, and general "investor friendliness" seems to be attractive. Does anyone have any input on investing in this fund? I think this is their first experience in a fund so there's a risk there, but wanted to see what the community thought about it.

    Thanks

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