How to start a syndicate

[Marjo Naci]

How do you start a big real estste syndicate? How do you manage them? How do you handle the percentages?

[Anderson Bigate Nogueira]

Hi @Marjo Naci, how are you? Large syndications (>100 units) has lots of advantages with that scale, but you definitely want to talk to a security attorney, here in Texas we have used Kaliser & Associates and they are very sharp - one of the owners is a multifamily syndicator himself, top notch person. Research lawyers that have specific knowledge on syndications and interview then to pick your favorite.

The above is on the legal side of things, not sure if you have the "partnership" figure it out and all the roles assigned (acquisitions, asset management, capex deployment, capital raise & investor relations, etc.) if you don't a good idea is to join a multifamily program to meet other syndicators and form partnerships - such as 
Brad Sumrok, Rod Khlief, Michael Blank, Jake and Gino, Vinney Chopra... listen to their podcast, research on them and pick you that align to your goals. I am on Sumrok ecosystem, and I can tell it is worth every dime - the value you take from the program, and more so from the ecosystem is phenomenal. Since I've joined, I have invested in 1,220 apartment units, 60% of it as GP.

I hope that helps. If you want to talk more about it, DM me. It is an exciting business, all the very best for you!