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Updated over 6 years ago, 05/16/2018
First syndication advice
Hello BP,
I'm considering doing my first syndication for a $2 million 51 unit property in the midwest. I personally own 50 units but I am new to the syndication arena. I have the rent rolls and tax returns for the previous 5 years and used to manage the property for a previous owner. The property will produce a 13-15% cash on cash return. I am currently the listing agent, buyer's agent, syndicator and my company would manage the property. What are some ways to structure this deal so I can under promise and over deliver but also retain a good chunk of equity?
Appreciate the feedback!
Garrett