First Syndication Deal Advise

[Dylan Bard]

Background:

I have a friend that wants to get into real estate investing. He offered me money (around 30k). He lives out of state. I have a 4 properties with 11 doors currently myself. My father sells real estate and I've got a good network here.

Question:

Does anyone have any recommendations on structuring or using his money since I've never done it. One of the best ways I can learn is through stories and experiences.

Thank you!

[Rick Martin]

@Dylan Bard if your friend will be truly passive and not active in the deal (providing the money is not active), you cannot legally Joint Venture. Syndication is a pooling of investors money. These investors would be Limited Partners, and you would be running the operations of the deal as the General Partner. This model doesn't work for one investor. You can set him up as a private lender, where he can earn a return on his investment. The title company can draft up the promissory note.