Syndicating right off the bat

[Joseph Plaugher]

Hi everyone. I am 28 and a junior in college (I started late). I have been studying real estate investing for probably ten years. I haven't done my first deal yet, but I'm getting old (just read Brandon's post about that). Every successful investor im aware of says that the bigger deals are no more difficult than the smaller deals, the checks are just bigger. I really want to start off with an 6-12 unit multifamily property. I don't want to waste time with a sfr that cash flows a couple hundred bucks per month. I don't know if this qualifies as syndication, but I'm sure it will require a couple of investors. Assuming I can find investors, and have a good plan, what do some of you more experienced investors think of me doing this?

[Ned Carey]

A true syndication is pretty hard to pull off as a first deal. That is assuming you actually follow SEC regulations.

I also think it is misleading to say that big deals take no more work that small deals. It is true that the mechanics of the deal are not that much harder. However most of those who say that, spent years getting into a position where they could do large deals. That hard part is getting the resources to do it; experience, contacts, capital etc.

That said a 6-12 unit building is certainly doable for a first deal. There are some good podcasts and blogs here about doing modest size multifamily properties. Good luck - Ned