Updated about 3 years ago on . Most recent reply
First time syndication experiences
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
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#4 General Landlording & Rental Properties Contributor
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- SE Michigan
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#4 General Landlording & Rental Properties Contributor
- Rental Property Investor
- SE Michigan
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