Syndication audience advice

[Jared Carpenter]

Hi all!

Many of you have provided valuable feedback to my many questions regarding syndication, what the different stages entail,  and setting a deal up a deal from ground up - thank you kindly for that. 

As I continue to learn, I assume that finding a deal is the next logical step. Hypothetically, if I had a deal that I wanted to put in front of a pool of investors, that underwrote to a mid teen CoC and above 20% IRR, however requires only a small equity slug - does anyone have any advice on finding an audience with those yield requirements?

[Mike Dymski]

Conservatively underwritten low double digit CoC and high teens IRR is standard. Your numbers are above that; so, your audience will be the typical high net worth individual who invests in passive real estate. You find them by networking (family, friends, BP, REIA meetings, colleagues, referrals). I recommend a pitch book with your business plan, criteria, track record, management companies, attorney, brokers, (and a hypothetical deal is a judgment call).