Updated over 1 year ago on . Most recent reply
advice for starting a syndication
I am a licensed real estate agent, and I am looking to start out creating syndication and am asking if anyone has any advice on how to get started; I see a lot of great deals in my market, but being a beginner investor in multi-family residential I don't have the capital to get things going? Any advice would be great thank you
Most Popular Reply
To syndicate real estate, you either need a track record of experience or partner with someone that has the track record/experience. Investors and banks will want to see the experience.
Prior to syndicating your first deal, you need to spend time educating yourself on not just real estate but specifically syndication.
Underwriting, deal structure, legal processes, due diligence, asset management, investor relations - all very important components.
Syndication can be a lucrative strategy, but it's not something you can just jump into.
It took me 12 months of studying everything I've outlined above before I felt ready to syndicate my first deal.