Passive Investment Waitlist
How Dr. G Earned 20% ROI as a Passive LP in a Multifamily Deal
Dr. Chill, a busy hospitalist, didn’t have time to manage properties — but by investing passively into a well-structured syndication, he earned a 20% annual return with zero day-to-day involvement.
overview
Dr. Chill had no interest in managing tenants or toilets. But he was sick of watching his money sit in underperforming index funds and high-fee retirement accounts. After joining a physician-led real estate syndication as a limited partner (LP), he earned a 20% return in the first year and finally saw what it meant to make his money work for him.
Challenge
Between hospital shifts, family obligations, and CME courses, Dr. Chill couldn’t imagine taking on a second job as a landlord. But he was frustrated with the lack of control over his investments — and the lackluster tax efficiency of his 403(b) and brokerage portfolio.
He wanted exposure to real estate, but with true passivity and vetted operators.
Solution
Through a peer connection (established over a Zoom networking AMA), Dr. Chill learned about a multifamily syndication seeking accredited investors.
The deal:
84-unit apartment in a growing Southeastern market
Strong operator with a track record of full-cycle deals
LP position with 8% preferred return + upside
Projected 17–20% IRR over 5 years
He reviewed the PPM with his CPA, asked tough questions, and invested $100,000.
Result
Results (Year 1)
$8,000 in cash distributions (8% preferred return)
$12,000 in paper equity growth as the property’s NOI improved
~$45,000 in depreciation losses passed through (thanks to cost seg at the syndicate level)
No calls, no tenant issues, no management responsibilities
Dr. Chill now plans to invest in 1–2 new deals per year to shift from clinical income to true passive wealth slowly
ROI Breakdown:
Initial Investment: $100,000
Total Year 1 Return: $20,000 (8K cash + 12K equity on paper)
ROI: 20%
Bonus: ~$45,000 in K-1 passive losses — shielding other passive income and reducing future tax burdens
