Do I need to have money to build syndication?

[Kyohei Yoshida]

I'm studying to build syndication business, I want to be on the active side of syndication which I believe is GP? I really want to take some syndication course sometime soon, but I need to have this question cleared. 1. Do I need to be earning certain number of income? 2. Do I need to be a accredited inverter? 3. Any course recommendation? Thanks to everyone in advance for your help! I love BP Nation!

[Bruce Petersen]

@Kyohei Yoshida

Gene Trowbridge has a 1 or 2 day seminar (believe he's still doing it).

I would also recommend picking up his book, "It's a Whole New Business" 

As many others have said, you need the up front costs to get it going; earnest money, security filing and PPM packet creation, and other minimal start up costs. Once you close the offering you will be reimbursed but you need to front these expenses which can run 20k to over 100k depending how large a property you buy.

Don't know that you're ready for this yet based on your questions. Learn what it's about and start off investing in someone else's syndication first to learn how it goes or if lucky you could be part of an experienced sponsor's GP to learn even more.  Just have to make sure you join a GP the right and legal way.

Bottom line, talk to every sponsor you can find to talk to and keep reading and attending events to get there. Syndicating is hard and made even harder by trying to rush. Don't fall for someone telling you that "oh, that's easy" because it most certainly is not.