Bringing deals to investors with no experience

[Stephen D.]

I’ve been asking for a while now, how can I get started in Multifamily investing. I’ve gotten a few different responses the most common being that it’s nearly impossible to get started with now track record or money to invest. A few responses stating that I can bring deals to investors and use the fee to invest with. I just want to know how can I find off market deals with no credibility and will investors talk to someone with no experience?

[Theo Hicks]

Credibility is the biggest challenge for first-time syndicators. Here are a few strategies:

• Start with 2 to 4 units to build a track record
• Create a thought leadership platform
• Passively invest in a few syndications
• Bring on a sponsor who has a track record
• Surround yourself with a spectacular team
• Raise capital and parnter with someone who has operational experience
• Intern with an experience syndicator
• Hire an experienced syndicator as your mentor