Syndication Basics, Case Studies, Books

[Brandon Laughridge]

Hello! Long time lurker, first time poster here.

I'm extremely interested in the syndication model for acquiring multifamily properties because my business partner and I are pretty adept at networking and raising capital (raised north of a million $ for our various businesses over the last couple of years).

However, there's lots of garbage out there related to syndication and it's tough to find any good resources. I wanted to ask two things:

1) Would someone be kind enough to give me the basic outline of how a syndication could be structured? I realize that's like asking "Tell me how businesses work" or something equally as general but a few scenarios would be glorious :D.

For example: We find a 30 unit building for $800k, want to do $200k in renovations, and assume it will be worth $1.5mm after words. Assuming all equity is raised from investors, how does a GP generate fees on that, what would our equity split be typically, etc.

2) What reputable resources would you recommend to learn more on syndication? Books, membership sites, people to reach out to, etc. would be amazing.

Thanks a ton!