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Updated about 8 years ago on . Most recent reply

User Stats

37
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11
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Shannon Hogan
  • Real Estate Broker
  • Chicago, IL
11
Votes |
37
Posts

Multi-Family Syndication Experts

Shannon Hogan
  • Real Estate Broker
  • Chicago, IL
Posted
Hello All, What are the major pitfalls when syndicating a larger asset? Also, please feel free to elaborate on the do's and don'ts in a multi-family syndicated larger deal... I'm a newbie to the bp forum. My goals for 2017 are to network and acquire 50-100 units through syndication . Thank you

Most Popular Reply

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2,055
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1,387
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
1,387
Votes |
2,055
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
Replied

It is good to have lofty goals, and I wish you all the luck.  I could write a book in an answer to your question, but that would take more than the time that I have.  Let me start with this.  Find someone that is doing what you want to do and find a way to help them.  Learn while helping them and hopefully gain some credibility along side of them.

What comes first the investors or MF experience. It is a catch 22, as you can't do one without the other.  Get your credibility off of someone else's deal.

Take a lesson from Nick. https://www.biggerpockets.com/forums/223/topics/22...

Talk to everyone and anyone about you are doing.  Don't talk about a specific deal, until you established a relationship with them.

This should get you started.

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