Long Term Goal: Multi-family Syndicator

[John Burns]

Hello all! I am a managing member of a multi-member LLC that currently invests in SFHs using a BRRR strategy. We are early in our business life but also have full time jobs that we are contractually tied to long term, so we can't drop everything and focus 100% on growing the business. However, that all starts to change in the next 5 years.

Our long term goal is to focus on syndicating 100+ unit multi-family deals and capture both syndicating fees as well as have equity stakes. In 7 years, we would like to lead a syndication as General Partners. I think our strength is that we will be able to bring cash to the deals. Our focus on executing a BRRRR strategy now will produce the net worth that we can leverage later for these syndication deals.

What advice would you give us to get ready to transition from SFH investing to syndication from now thru year 5? I know having cash available will be key, but can't be our only strength if we want to lead deals. What skills to learn, networks to build, and experience to gain would help round us out and set conditions for success? Thank you for your advice.