To Syndicate or not to syndicate...that is the question?

[Gregg S.]

Hello all,

I am new to BP and new to real estate investing other then having dabbled in it on the small personal level. I have invested in the NNN word, SFR rental market and invested in other larger funds simply to diversify and get a feel of different types of investments and investment styles.

I am interested in hearing from others on this site who have history and experience in putting together an investment structure. I have a market I am looking at investing in and my thoughts were to find smaller 4 plexes and maybe smaller MF's properties ( 10-20 units ) and initially raise some capital with friends and family to invest in these types of properties. Something along the lines of $1mm-$5mm initially to work on proof of concept and start building track record with the hopes of taking that in to a round two of raising capital and then on to a round 3.

What I am really seeking advise on ( besides anything else anyone wants to chime in...as this is all part of the learning process ) is setting up the best and easiest type of structure to start this concept out. The least restrictive as far as regulations and what have you. Again initially this would be funds coming from F&F to start and the initial idea I had was to isolate these investment properties, rehab them, raise the rents and depending on rental income at that point to either return investment and additional profits off the income or refi and pull the cash out OR sell it and find the next investment.

I know this might be a very broad topic but was hoping that with all the knowledge and experience on this site that I could get some good insight and tips to start this process as I know most of you have all been here before.

Thank you in advance for all and any responses and I truly look forward to reading them. 

Best,

Gregg