Aleksey Chernobelskiy joins Andy McQuade on The TCO Method ® podcast to discuss the current state of distressed and struggling real estate syndications and what they've done to get here - but more importantly how to avoid many of issues by learning what to look for.
He brings stories and perspective on ethical capital raising, how to identify red flags in pitch decks given by capital raisers, what to ask and be aware of when going into a deal with your hard-earned money, and so much more - this episode is a MUST SEE.
Watch the video & read the transcript, show notes & highlights here
Highlights:
0:14:16 - Understanding Investment Risks and Expenses 0:21:13 - Interest Alignment in Investment Waterfall 0:23:50 - Investment Bias and Conflict of Interest 0:27:59 - Investment Nightmare Stories and Seeking Solutions 0:43:58 - Misunderstandings Around Acquisition Fees 0:47:05 - Real Estate as a Safe Investment 0:53:13 - Conservative Underwriting in Real Estate 0:57:44 - Investing in Syndications 1:01:08 - Avoiding Syndication Mistakes, Educating on Investing
About Aleksey Chernobelskiy:
Aleksey advises Limited Partners ("LP's) and General Partners ("GP's" or "Sponsors" ) on existing and future investments.
He writes weekly to over 1,800 investors on his Substack where he shares how to property vet and think about LP investments in the grand scheme of their portfolios.
Aleksey also helps General Partners on matters relating to LPs, like capital calls and distribution pauses and provides feedback on investment decks.
Prior to this advisory work, Aleksey ran STORE Capital's $10 Billion commercial real estate portfolio and oversaw the firm's underwriting team.
Aleksey graduated from the University of Arizona with a quadruple major - Finance, Mathematics, Economics, & Accounting.
Connect with Aleksey Twitter/X | LinkedIn | Substack
MUST READ Substack ARTICLES Top 15 Syndication Mistakes Three Pillars of LP Investing -Execution -Alignment of Interests -Property Do Sunk Costs Matter In Capital Calls? Don't Lose Money (seriously)
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An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.