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Updated over 5 years ago,
What would you suggest is my next step?
I'm currently in the slow but steady process of approaching my first deal. Looking to purchase and reposition an apartment complex via syndication as my first deal. As of this moment, I am making progress across several short term goals simultaneously:
- analyzing deals I receive from brokers regularly.
- securing financing via my network. Any suggestions on syndication deal calculators (which would also help with my presentation in raising money)?
- speaking with various local lenders about commercial loan packages
- initial discussion w/in the next couple of weeks with a real estate attorney about the process and possible entity formation. If not now, when should I be thinking about forming an LLC?
- persistently learning via multiple sources including books, podcast, REI meetups, etc.
From this quick overview, any suggestions on what I should be doing now/next to achieve my longterm goal? Thanks in advance for the helpful responses!