Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply

How to find syndication deals
What’s the best way to find syndication deals? Interested in being a part of one to learn more.
Most Popular Reply

You're certainly entitled to your opinion. My experience has been that in both crowdfunding and old-school syndications, there are only a few very high quality sponsors, there are some really bad ones and most of them are so-so.
You may not realize it, but investors who source syndications through crowdfunding will often also talk to the sponsor over the phone and make site visits. And if they can't go in person, many belong to a investment club that will have a member in the area make a site visit on their behalf (or a surprise pop-in if things are not going well).
Also you may not realize that losing money is just as devastating to sponsors who source money through crowdfunding. And sometimes I would say it is much more devastating because there are some successful old-school syndicators who raise money almost completely based on personal reputation rather than actual performance record. For example, I have run into more than one of these old-school syndication sponsors who became offended when I asked them to produce their complete track record of realized and unrealized deals. They are so used to relying on their personal reputation in their community, which often is a function of how many boards they sit on, what country clubs they belong to, etc. rather than how their past deals went.
In my opinion, whether a syndication deal is sourced on the Internet through crowdfunding, or through networking at the country club, or through introductions an investor club, the investor should be applying the same due diligence strategy and asking the same questions.
- Ian Ippolito
