Apartment Investment and Syndication NIghtmares

[Scott Isley]

Hi BP,

As I'm getting closer to raising the funds for and acquiring my first apartment property, I'd like to hear the bad and the ugly of your experiences and what you LEARNED from them.

We usally her the good and the successes, but we learn most from failures. Can you experienced syndicators and CRE investors chime in with your stories and wisdom?

[Joe Fairless]

@Scott Isley Get verbal commitments of 30% more than what's needed. Even after you think you've raised all the money needed - keep raising. People who originally say "yes, I'm in for XYZ" might completely back out or lower their original amount. Fortunately, it is much easier to raise money after the goal amount is raised vs. having to raise money from scratch.

Until all the money is safely deposited in the escrow account, keep raisin'.