Getting started + Syndication

[Travis Houck]

Hello BiggerPockets!

At the start of 2019 I stumbled across Real Estate Investing and fell in love! I laid a foundation of knowledge and was rushing to get started. Fortunately, my brother who is supportive also asks quality questions - devils advocate. I realized I was rushing into the unknown. I took a step back and have taken the majority of this year to continue my education, further learn different strategies, and establish some bearings.

I’m back and eager to get started! Through my learnings, I stumbled upon syndication and have fallen in love! It appears to be the best way to get started with little or no money, most scalable, and it wins for my investors every bit as much if not more than it does for me!

So my question is this: how do I get started syndicating and where should I begin?

So far, I know:

- find a good deal, with opportunity to add value

- assemble a deal package showing numbers (current state, remodel, after remodel, returns before and after refi)

- for the first deal or several I will have to accept I won’t be able to take as large of a portion of equity as I’m a large risk for investors

- attend meetups feverishly

- be active on forums

While this all seems intuitive, I have a mental road block preventing me from accepting that I will be able to raise funds. I will be a new entity with no track record. At best, I think I’ll have a 1% success rate convincing a cash investor to bet on me.

Any insight or encouragement is much appreciated!

Thank you :)

Travis