Aspiring Investor looking into setting up 1st syndication

[Atanas Petrov]

Hey Everyone,

I have several SFH properties in Los Angeles, and would like to acquire more knowledge and get some answers in order to get into my 1st syndication. I have a few friends that would participate financially, and I would be the sponsor on a small multifamily property. I would like to start setting up the syndication, but I do not know what type of an attorney or accountant I need to help me with this process, or the cost associated. Your advice would be greatly appreciated. Who do I need to talk to begin. Please don't tell me I need to network and raise the funds, I don't need to raise the money for this one, I have the investors (non accredited) I need to get the ball rolling and if you have any professional contacts that can help me achieve this, please share them. I understand that syndication 506B would be an expensive endeavor vs setting up an LLC with a few friends and purchasing the property this way, but I personally would like to build experience by setting up the syndication, with my friends as passive investors, once I go through all the steps and troubles etc and learn, I can then go bigger on the next project. Thank you for your help in advance.