Full article index - Q2 2024

All the articles, in one place!

Quarter in Review

Welcome back!

At the end of every quarter, I like to summarize all of the articles in one place. With two articles per week and people joining at different times, I hope this helps you make the most of the 78 (wow!) article archive.

First, some quick highlights from this quarter - thank you for everything:

• Wrote 26 articles! Further below you’ll find two indexes:

  • Topic Index - all the premium articles to date, now sorted by topic!

  • Reverse Chronological Index - all articles sorted by the time when they were written

• Quoted in an article on the front page of Bloomberg

  

• Featured in The Real Deal’s Deconstruct Podcast

• Reached 4,300 subscribers! Thank you - here’s the journey from the beginning. As a reminder, you can get free months of premium for sharing the publication.

  

Not a bad quarter! 😊 It still feels like I’m just getting started and I appreciate all of you very much.

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Topic Index

Below you’ll find all the articles, listed by topic. All articles in bold are from Q2 2024. To see all the free weekly digest articles, please scroll down to the next section - Reverse Chronological Index.

Subscribing gives you access to this entire article list along with anything else I publish weekly.

1. Pre Investment Diligence

   1. Minimum Viable Deck

   2. Investor Beware: Feeder Funds

   3. Guaranteed red flag

   4. The Refinance Assumption Trap

   5. 26 questions to ask your GP

   6. Top 15 Syndication Mistakes (FREE)

   7. 4 reasons why cap rates are misleading

   8. Don't budge on return of capital

   9. Why acquisition fees in a syndication matter

   10. Three Pillars of LP Investing:

       1. Execution

       2. Alignment of Interests

       3. Property

   11. Asset Specific Posts:

       1. Single tenant net lease syndications

2. Post Investment Diligence

   1. Minimum Viable Reporting Package

   2. Spotting GP/LP misalignment

3. Distress and Capital Calls

   1. Two part series:

      1. Is my investment distressed?

      2. My deal is distressed, now what?

   2. 6 steps to a successful capital call decision

   3. Do sunk costs matter in capital calls?

4. Investment sizing and syndications as an investment

   1. Does a $5,000 LP check make sense?

   2. 5 reasons to invest in real estate syndications

   3. Is real estate better than treasuries?

   4. Why LP investments won't let you quit your 9-5

   5. Why most LP investments won't 2x your money

5. Tax Benefits & Implications

   1. What to know about K1s before investing

   2. LPs using 1031 Exchanges, DSTs, and more

   3. Losing it all in foreclosure

   4. Hidden risks of tax benefits in syndications

6. Downside Risk

   1. 5 ways in which real estate can lose you money

   2. Losing it all in foreclosure

   3. Don't lose money (seriously)

7. Podcast Episodes

   1. Podcast 1

   2. Podcast 2

   3. Podcast 3

8. General Discussions (investor mindset, how to approach investing, trends I keep seeing, etc)

   1. 4 biggest surprises from advising LPs

   2. Going in assumptions as an LP

   3. 11 lessons from my NYC trip

   4. An investor's mindset and principles

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Reverse Chronological Index

Below you’ll find all the articles, listed from newest to oldest. All articles in bold are from Q2 2024.

Subscribing gives you access to this entire article list along with anything else I publish weekly.

1. What to know about K1s before investing

2. Minimum Viable Reporting Package

3. Minimum Viable Deck

4. Going in assumptions as an LP

5. Spotting GP/LP misalignment

6. Podcast Episodes

   1. Podcast 1

   2. Podcast 2

   3. Podcast 3

7. Investor Beware: Feeder Funds

8. 4 biggest surprises from advising LPs

9. Guaranteed red flag

10. The Refinance Assumption Trap

11. Why LP investments won't let you quit your 9-5

12. Single tenant net lease syndications

13. Why most LP investments won't 2x your money

14. 6 steps to a successful capital call decision

15. LPs using 1031 Exchanges, DSTs, and more

16. 5 ways in which real estate can lose you money

17. My deal is distressed, now what?

18. Is my investment distressed?

19. Losing it all in foreclosure

20. 11 lessons from my NYC trip

21. 26 questions to ask your GP

22. Is real estate better than treasuries?

23. Hidden risks of tax benefits in syndications

24. An investor's mindset and principles

25. Do sunk costs matter in capital calls?

26. 5 reasons to invest in real estate syndications

27. Don't lose money (seriously)

28. Top 15 Syndication Mistakes (FREE)

29. 4 reasons why cap rates are misleading

30. Don't budge on return of capital

31. Three Pillars of LP Investing:

    1. Execution

    2. Alignment of Interests

    3. Property

32. Does a $5,000 LP check make sense?

33. Why acquisition fees in a syndication matter

Second, the following are the free weekly digests I send out that have links to anything that’s relevant to an LP. Again, all bold articles from Q2 2024.

1. LP Investing Digest #35

2. LP Investing Digest #34

3. LP Investing Digest #33

4. LP Investing Digest #32

5. LP Investing Digest #31

6. LP Investing Digest #30

7. LP Investing Digest #29

8. LP Investing Digest #28

9. LP Investing Digest #27

10. LP Investing Digest #26

11. LP Investing Digest #25

12. LP Investing Digest #24

13. LP Investing Digest #23 (written in March, but after the last published index)

14. LP Investing Digest #22

15. LP Investing Digest #21

16. LP Investing Digest #20

17. LP Investing Digest #19

18. LP Investing Digest #18

19. LP Investing Digest #17

20. LP Investing Digest #16

21. LP Investing Digest #15

22. LP Investing Digest #14

23. LP Investing Digest #13

24. LP Investing Digest #12

25. LP Investing Digest #11

26. LP Investing Digest #10

27. LP Investing Digest #9

28. LP Investing Digest #8

29. LP Investing Digest #7

30. LP Investing Digest #6

31. LP Investing Digest #5

32. LP Investing Digest #4

33. LP Investing Digest #3

34. LP Investing Digest #2

35. LP Investing Digest #1

Thank you for all of your support! If you’d like to share this index with someone, click the button below.

If you have any topic suggestions, I am leaving the comments open to all subscribers!

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I advise LPs on existing and potential positions and write articles here weekly on what I see in the marketplace that could help you invest better. You can find me on LinkedIn or Twitter.

Whether you’re an LP, want to learn to become one, or affiliated with LPs (GPs, Attorneys, CPAs, Financial Advisors) I hope you’ll consider subscribing and sharing this post to help others make more informed investment decisions.

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When you’re ready, I could help you in 3 ways - simply reply to this email if one is of interest:

• Limited Partners:

  • Potential positions - you’re considering investing and need an independent opinion

  • Existing positions - there’s a lack of communication, you’re concerned about fraud, or perhaps you got a capital call request and you’re not sure how to proceed. I have also helped LPs with a “post-mortem” analysis on deals that didn’t work out - it’s important to learn these lessons as opposed to just blaming the GP.

  • LP Course - review 4 separate memos together with me and other LPs to learn how to find good LP investments.

  • LP Community - free 2,200+ member LP Investor community on Twitter

  • Find GPs in unique asset classes/geographies on my monthly intro post (see LinkedIn’s post as well for more)

• General Partners:

  • Deck review - I’ll look over your marketing materials from the perspective of an LP and provide slide by slide commentary to improve your pitch

  • Investment review - I’ll provide independent feedback on an opportunity you’re pursuing

  • Capital call advisory - you suspect that you’ll need to make a capital call, but aren’t sure how to proceed or communicate the message.

  • Other - anything from waterfall/fee advisory to disagreements between co-GPs on the proper path given a set of circumstances

• General Consulting: modeling, strategic advisory, underwriting training, etc.

If you’d like to speak on the phone, you can reach me at aleksey@hey.com.