First syndication advice

[Garrett Hawk]

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

[Chris Tracy]

@Garrett Hawk- When you do syndications, never ever talk about cash-on-cash returns in a public forum like this.  You have to build relationships with people and then make an offer.  You can advertise (obviously not here) if you are doing a 506 (C) offering and you are only accepting accredited investors otherwise it's considered a general solicitation.  If the SEC sees stuff like that, you could get hit with a pretty big fine.