Entity Creation to LP in Syndication Deals

[Doug Spence]

BP Fam, my business partner and I want to start investing in syndications with operators we want to potentially work with in the future. We want to create a 50/50 entity and invest in syndications using that entity as the LP. We plan to be a fly on the wall for a lot of the GP meetings (with prior approval of course) so we can soak up knowledge and provide value where we can. 

Has anyone created an entity for this purpose? Any advice is welcome. Thank you!

[Jim Pfeifer]

I invest in syndications often as part of a group using a platform called Tribevest. It makes it easy to create an LLC, create a bank account and also allows you both to "vote" on new investments which makes all LLC members equally "active". I use these group investments for several reasons - it's easy to set up (especially the business bank account), it allows me to effectively lower my minimum investment amount, it allows me to get into more deals which increases my diversification and by investing together with a group I get multiple opinions on the quality of the deals I am looking at.

Using a multi-member LLC is a great way to invest in syndications with others.