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Updated over 1 year ago on . Most recent reply

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Sam Magnant
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First Syndication deal, looking for second (and third) set of eyes

Sam Magnant
Posted

Hello there - I have an opportunity to invest in my first syndication deal for a multifamily in Boston, MA. I have read and studied syndications and analysis pretty deeply, but am looking for a second (and third... fourth...) set of eyes on the deal to see if there is anything I missed. What would you do if you were in my shoes? 

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Did you read The Hands-off Investor by @Brian Burke? That is a great primer for investing in syndications. Remember first that the operator is likely more important than the property. You are investing in an asset, but that asset is run by an operator. The operator's (GP) experience and track record is probably the most important part of the equation. What was their worst return? What return timeframe are you looking for? What is their information delivery system to LPs and how often? This should get you started.

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