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Updated over 1 year ago on . Most recent reply

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How do I find Syndications?

Charles Burgess
Posted

Don't know if I'm breaking the rules by posting this, but how do I find syndications to invest in?  My wife and I are looking for passive ways to invest to diversify our real estate holdings.  I've tried your basic google search, but that hasn't produced much luck.  Thanks for your feedback. 

Most Popular Reply

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Jim Pfeifer
  • Investor
  • Dublin, OH
492
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240
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Jim Pfeifer
  • Investor
  • Dublin, OH
Replied

I struggled to find quality operators when I started out.  My first few investments were from operators I met at a conference.  I assumed because they were at a conference, they must be great operators.  That was a bad assumption!  Some of them were, some of them weren't.

Next, I started listening to podcasts and reading books.  I learned about quite a few operators and called them up and had a 30 minute conversation.  Then they would send me a deal and I would have to decide if I wanted to invest $50,000 with, basically, a stranger.  For those who were on podcasts, I didn't know if they were great operators, great marketers, both or neither!  My result were much better than just going to a conference and investing with everyone I met - but I was still always unsure and uncomfortable because I didn't know if they were legit.

After that, I found a Community and everything changed.  With a Community, you can rely on others who you meet, get to know, like and trust - and use their experience to guide you.  Now, I only invest with a new operator if they are referred to me by someone in my Community who I know, like and trust AND that person has invested with the operator.  I still do all of the same due diligence on the operator, but I am starting many steps ahead.  Trust transfers and if someone I trust recommends someone they trust, it's a huge benefit.  It doesn't mean I won't get into bad deals or invest with sub-par operators - but I am confident that I will have fewer of those experiences than if I had kept to my old ways.

Real estate syndications are long term, illiquid investments that are completely out of your control.  Once you send that wire, you are done - you can only sit back and collect reports and (hopefully) distributions.  There is very little education out there and many of the deals can't be advertised so they are hard to find!  That's why I believe strongly in joining a Community - or several - so you can work together with others to vet operators and analyze deals.

Good luck!!

  • Jim Pfeifer
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