Lone Wolf vs. Syndication

[Callaway Pate]

Hey BP Family!

I hope everyone is preparing themselves for the future and ready to make the best of it. This question has been on my mind a lot recently and I thought I'd share. Can someone break down the benefits of syndication vs. solo-investing? I see often that in these multi-million dollar deals there is a group of investors pooling their money to acquire properties. Right now I don't see the point in that from an investment perspective. Why would someone go through the effort of raising millions in capital just to take a smaller piece of a giant pie when they could instead work from only their resources but have their own small pie. It feels as though an investor can make the same return (percentage wise) by doing either path. Other than the pride of partial ownership and the moderate-sized piece of pie, what is there to be gained from syndication? I hope I can learn something valuable about the concept of syndication because I'm almost sure there's something I'm missing about the strategy. Thanks in advance!

Best,

Callaway