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Updated almost 5 years ago on . Most recent reply

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7
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2
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Eric Pritchard
2
Votes |
7
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First syndication, I need a little advise.

Eric Pritchard
Posted

The more I learn about multi-family, the more it makes sense, but I am limited on funds so I need to know everything there is to know about syndication deals. I have a general knowledge on the topic, but would really love to hear specifics on things such as do the deals need to be off-market, how can I do this with no money out of pocket, apartments vs hotels vs trailer parks, and where to find investors. I know it is a lot of information, and I do appreciate any that can be given. I have big goals and am very determined to create wealth with this strategy

Most Popular Reply

User Stats

559
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463
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Andrew Hogan
  • Rental Property Investor
  • Indianapolis, IN
463
Votes |
559
Posts
Andrew Hogan
  • Rental Property Investor
  • Indianapolis, IN
Replied

Hi Eric, there are a ton of different podcasts and books that go deep into multifamily investing. You also can keep researching in the forums through thousands of posts. I wouldn't plan on owning deals without having saved up a chunk of cash (say 50-100k). But you could become a valuable resource to other investors/syndicators if you develop skills such as raising capital or underwriting and finding deals. A good way to get started is to househack  a 2-4 unit, then flip out of it in a year or two.

All the best!

  • Andrew Hogan
  • Loading replies...