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Updated about 5 years ago,
Setting up a Syndication
21 years old and I have multiple investment properties. Now I am stepping it up a notch to create Syndications. My plan is to buy a crap shoot multi-family cash and BRRRR it thus returning all of my investors their money after the Cash Out Refi resulting in a brand spanking new investment property with almost no money down. I am able to raise over $100k which is plenty to buy a multi-family in distress and have enough to renovate the entire home.
My question is how do I legally set up a Syndication with I believe it is the SEC as a 506 (c)? I have heard these words get thrown around on podcasts, in articles and books but no one really lays out the steps to start a Syndication properly or maybe I haven't found the proper education on it.
Anyone that knows the process or somewhere the lays out the blueprints to start a Syndication, please let me know!
Thank you!