First time syndication experiences

[Brian Plajer]

Hello,

  I am exploring a deal that would require me to become a first time syndicator which is exciting and nerve racking. Every syndicator started with their first deal and I'm asking  the more experienced syndicators;  how that first deal went and what advice do you give to first time syndicators. What background/experience is preferred for the first timer? thanks, Brian

[Greg Scott]

It's like drinking from a fire hose.

Most important is having good advisors.  You will need them to walk you through all the maze of requirements and bumps in the road, because there is no straight line path. Get the best you can of each of these:

 - SEC attorney

 - Local attorney

- Mortgage Broker

- Insurance Broker

- Property Management Company (if used)

- Contractors for due diligence