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Updated 16 days ago,
Starting a Syndicate Fund on lucrative business model - Assistance Needed
Hi everyone!
AIM: I am looking to start a syndicate.
NEED HELP: I am looking for assistance in lawyers and other experienced syndicate mangers to seek advice and some guidance.
Purpose of the fund: To purchase old land, rezone, demolish, and rebuild homes to sell at a profit. Note, I am not looking for a syndicate to BRRR or rent of some sort.
Experience: I have personally bought an old home on a 8,000 sq ft lot, rezoned it to two 4,000 sq ft lots with a family member. I know the process from beginning to end and documented this thoroughly. This generated $2M+ in equity, and thus is highly lucrative, but takes 2-3 years.
Note worthy: I am located in California, but I did this project in Canada. I funded this with US cash, as well as a loan with a Canadian bank.
I have shared this process with many friends and other real estate buddies that commended my journey. They saw this works, and would like to join me for another project, which is a COPY and PASTE basically. I would like to start a syndicate or a LLC (if necessary) to do this. I even identified a viable property to do this already, but may not have my ducks in line yet to execute with a group.
If I can get a fund going, I plan to scale it and do more of these projects since I have the blue print to do this over and over, but just need cash. Any recommendations on lawyers to talk to that can assist in advising on an LLC fund (if needed) and how?
I would be happy to get on a call with anyone interested in knowing more about this btw. DM me or comment below.
Thanks in advance for any help!
Happy new years to the entire BP community and best wishes to everyone in 2025!
Sincerely,
Gabe