Multi-Family Syndication Help! (first one...)

[Rhett Z Begley]

BP,

We've found an 8-unit with great numbers and we've got enough investors lined up to make the 30% down on the property. 

Now what? I'm looking for some help with what happens next, as in what will the banks be looking for, how the loan will actually be structured, how do I actually accept everyones money and pool it for the down payment, etc. If you are local to the Norfolk/Virginia Beach area I would love to take you out to lunch or dinner to discuss. Otherwise I'd really appreciate getting on the phone with someone. 

Thanks for the help!

Best,

Rhett

[Cory Hoffman]

Congrats on your find! Depending on price you may want to consider just doing an LLC with you being the managing member. Less legal costs and less headache. Happy to walk you through all of this. I have an office in northern VA so am close.

Cory