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Updated over 2 years ago,
What the heck does it mean to invest passively in multi-family
For the past few days, I have been doing a lot of research. I was thinking to sign up with Jake & Gino mentor or Brad Sumrok. However, the investment is no joke. I am reading lingo like learn to "invest passively in multi-family" and "build relationship with investors and deal sponsors", what is a deal sponsor? Also, I am reading about syndication and joint ventures. The way I am understanding this when it comes to multi-family investing is these mentor programs basically teach how to partner up with other investors through syndication which I still don't completely understand, or sponsors? Which I don't understand. I don't mind partnering with investor, but I prefer not to partner up financially with them. I want to be on top and in charge or the deal and delegate whatever else needs to be done. I want to ask a sincere question. Can people truly make it in real-estate big with other people's money without technically partnering up with them? Because I am understanding syndication like a get quick rich type of deal. Can you still be successful doing it the hard and long way? and how can we get deals funded? I am trying to find out if this is the route I truly want to start with and I am not sure if syndication and JV is the only way to make it. Let me know your thoughts.