Where to start building your syndication team

[Dennis Johnson]

As I continue to learn about raising money for multifamily deals when building a team and credibility what are some things to look for ie..  attorney, property managers, etc..., also is it a good idea to make your first purchase in your local market or work with an experienced syndicator in a different market.

[John Casmon]

Hey @Dennis Johnson, you should probably send a private message to Jeff on working with him. To answer your original question for other readers, I'd agree that the most important role on your team is a more experienced syndicator/mentor. Investors will want to know what your experience is and if you don't have a long track record, the next best thing is working with someone who does.

Not sure I'm clear on your second question about buying in your local market or working with a syndicator in a different market. These would be two different objectives assuming you plan on managing the local market deal vs. being a passive investor for a syndication out of market. If your goal is simply to earn a return on your investment or even to learn more about syndication than working with a more experienced syndicator may be the way to go. However, if you want to be an active investor and be more hands-on buying something you will manage may make more sense. All comes down to your goals.