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Updated 10 months ago on . Most recent reply
![Lisa Burns's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2999515/1713399066-avatar-lisab481.jpg?twic=v1/output=image/cover=128x128&v=2)
What's it really like to be a commercial MF syndicator? Will I be sorry I tried?
I'm an experienced entrepreneur, but new to real estate investing (no deals under my belt yet apart from my own home). I want to replace my income within a reasonable timeframe, so I'm looking at a syndication mentorship with a "guru" who claims I'll close my first syndication deal on a commercial multi-family property within 6 to 12 months. I know the whole mentoring space is full of charlatans and "those who can't, teach," but I've done my due diligence and this outfit has legitimate results, so I'm comfortable moving ahead.
What I'm struggling with is if I actually want to own or be responsible for a large apartment complex. I mean, once the deal is inked, then I'll be in charge of a syndication and contractually bound to certain things, and even with good property management in place, I assume there will be some headaches (especially as a newbie). My "guru" has shared some thoughts on that, but I'm interested in additional opinions.
I'm not afraid of hard work, but I'd appreciate any thoughts on what I need to be prepared for if I head down this road, as well as opinions on the risks I'm signing up for. Any and all thoughts are welcome, including wet blankets if need be.
Thanks in advance!
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![Chris Seveney's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/329845/1674401826-avatar-7einvestments.jpg?twic=v1/output=image/crop=4480x4480@0x336/cover=128x128&v=2)
@Lisa Burns
It would be completely absurd with no real state experience to learn and do a syndication in 6-12 months
Sorry for the bluntness but I can name many that have tried this and failed miserably and lost everyone’s money over the past few years.
Running a syndication is not something you can just wake up and do one day or take a course or spend time with a “guru”.
Of course someone will post on this forum yeah I did it… but it is unrealistic in the eyes of those who are experienced that anyone should take others monies with no experience.
- Chris Seveney
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