Syndication, Can anyone do it?

[Dave S.]

Im looking to purchase a larger multifamily of 50+ units and my searches keep coming back to do syndication. So I would like to ask, can anyone do this? Is there a "step-by-step" guide / checklist to follow to ensure you have all your ducks in a row? Or do you simply start pitching your deal to investors and accumulate the funds needed to purchase the property?

Lets say I have 10 investors (not sure if there is a max number of people that can come onto any given deal or not). Do I just need to form an entity (LLC or the like), with each shareholder having the agreed upon % of that company (i.e. real estate)?