Essential Docs/contracts for a syndication

[Eric Ketelsen]

I'm creating a real estate investment company focused on multifamily properties (5-15 units) that pencil. I'll manage everything- the rehab and property manage- anything an asset manager would do with a "hands on" type of personality. I have a few investors that have instilled trust in me. 

I want to confirm that I have all the required Docs and contracts to make Absolutly sure these syndications are professional and protected.  I'm seeking input from the bigger pockets community as to what I or any aspiring real estate investor needs to bring in a group of investors, purchase a multifamily property, rehab it, refinance it with holding periods of 3-7 years.

This is what I have now: 

Investment Prospectus -(the investment summary)

Business Plan- (simple and clean- 35-40 pages)

PPM - (private placement memorandum)

Investment agreement - (Do I need this if I have the Operating agreement?)

LLC Operating agreement

Investments agreement Receipt - (proof of your investment)

Promissory note (if needed)

I don't need legal advise. my father is a retired attorney.  I'm looking for the missing parts from the entrepreneurial side.  I'm looking for what Docs the community uses.  I truly appreciate any help and or guidance. 

Thank you for your time,

Eric Ketelsen

[Joel Owens]

Did your dad do syndications and private placement docs?

If not syndicators use attorneys for the packages. There is generally an upfront cost for the first one and some attorneys offer (recycle) packages so when you do future ones the cost goes down to do the docs.