Syndication for Flips?

[Account Closed]

Hi all,

I want to syndicate a deal with 3 investors to flip a fixer. I personally won't be putting in any money. How do I get money for putting together the deal?  I did hear about a sponsor fee, promote fee, split above preferred return, management fees, and etc, but I'm pretty confused on how to structure it with a flip. Are there typical fees?   

 Is there a deal structure excel available on Bigger Pockets anywhere?

Any help would be great!!

P.S. I'm not sure if "syndicating" is only for commercial real estate.

[Rami W.]

Why not just a simple JV partnership? Just figure out who gets paid what, even if you aren't bringing capital, you can bring another skill (sounds like management and finding deals). Your partners bring the capital and sit back and let you do all the work :)

Figure out equity or interest payouts that work for you and each of your partners.