New Investor Syndication

[Matthew Masoud]

I'm considering doing a syndication in Ohio but don't know where to begin.

My family/friends have seen my success with small multifamily and want to invest their money with me, it kind of just fell into my lap.

I'm interested. I've always known I'd end up in large multifamily but I thought it would be through a 1031 exchange not through syndication. 

Anyway, the problem is, I don't know where to begin. Like the actual formation of the corporation, how to collect money, etc.

I want to shadow someone that is going through the day to day operations of owning a syndication. That'll teach me the ins and outs and while I put together my first deal. I'll work for free, I don't care.

I purchased Volume ll of the multifamily millionaire, I'm sure that'll help.

Thoughts? What to do next?

[Taylor L.]

One of the best books on the topic is Joe Fairless' Apartment Syndication book. He walks through the whole process in an accessible way. There are also a lot of good videos on YouTube that can get you started. Peter Harris has one of the best channels on the topic, here's a great video on the topic.

Regarding shadowing someone or joining a team - are you doing deals in Ohio while being based in Ohio, or are you elsewhere? If you're looking to join a team, how could you add value?

Keep building your presence in the space. Reach out and connect with syndicators. Join networking groups (many are free and online). That will all push you forward.