Question About Apartment Purchasing (Syndication?)

[Tyler Mundy]

Hello, I am new to real estate investing, but I have a back ground in commercial appraising. I am looking at buying a small apartment complex, and I was wondering if my idea makes sense. I think this may be called syndication, but correct me if I am wrong. 

I am thinking about getting a bank loan for 80% of the purchase price, and getting a private money loan for the other 20%. The NOI from the apartments should cover both, leaving me with a decent net profit. Does this sound reasonable?

Thanks for your help!

[Larry Caper]

@Tyler Mundy Happy to see so many interested parties interested in MFRE! However, I think you should double down on education. At an extremely basic level you should understand and be able to articulate: investment criteria, underwriting best practices, property management, exit strategy, securities law, macro- and micro-economics among other topics.

The more comfortable you become you mitigate the risk of making a life altering decision. 

There are a ton on books and podcasts out there, but if I'm in your shoes, I would pick up 'The Best Real Estate Syndication Book Ever' by Joe Fairless and read (and reread) it until it becomes second nature. 

Enjoy the process!