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Re:Ask HN: What is your passive income 2019? by deanmoriarty on Tuesday October 29, 2019 @02:39PM (#21390610)
Would you be willing to share the name of the sponsors you invest with in the LLC? I am interested in doing the exact same and am an accredited investor, but I don't want to invest in the fundrise.com of the day, what they offer seem very "bottom of the barrell".

I would rather find some sponsor who would like accept a more limited number of accredited investors with whom to build a long-lasting relationship (ideally for decades and many deals), and in exchange I would be happy to invest larger sums of money (e.g. 50-100k per deal?).

I am asking because, if you are contemplating buying your own apartment complex, you definitely know what you're talking about and might be able to give me some very valuable advice :-)

Re:Ask HN: What is your passive income 2019? by Schweigi on Tuesday October 29, 2019 @02:54PM (#21390745)
Sure! Send me an email, address is in my bio.

The sponsor/operator is definitely the most important thing. I would argue even more important than the property itself. Thats also why I don’t like to invest in REITs as its not clear who manages those.