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Updated over 3 years ago on . Most recent reply

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10
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6
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Sheldon James
6
Votes |
10
Posts

How do you get started in large multi-family syndication?

Sheldon James
Posted

What's up BP members, I am a young investor in Hattiesburg MS. I own one STR, I have flipped one house, wholesaled one house, and am under contract to purchase another STR. I really want to get into the multifamily game through syndication. I've got more time and drive than money right now and want to learn from someone experienced in multi family and syndication. I am willing to do any kind of grunt work or undesirable jobs of multi family investing. What I really want to do to get started is find an off market apartment deal to bring to an experienced syndicator/multi-family operator, partner with said investor for a very small percentage of the GP. For example instead of a 50-50 split like a 95-5 split just so I can have my name on a deal and gain the experience. What do you all think about that? Are there any better ways to get into large multi-family? BTW I might know an owner of a 40 unit building in Mississippi who wants to sell if anyone would be interested.

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