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Updated almost 7 years ago,
Accidental Syndicator seeks guidance (also, investors?)
I loaned money to a flipper for a promised return............and got it! All of it, on time, the works. Crazy, right? Even a little extra for referring another investor to the project.
I also loaned money to another flipper, this time pooling my money and the money of a few colleagues. I handle all the interaction, details, and harassing the flipper, they get their principal and return upon completion (only a few more weeks!) Very much a 1-time deal.
The problem is, I like this! And I've discovered that there's a word for it (syndication?) I'm a little overwhelmed by a cursory google search can anyone recommend reputable resources on where to begin to learn more about this? I want to continue doing this at this level (small investments from members of the military who don't have the time/ability to do real estate on their but want to be involved in some way and want to see their money grow) but I also want to grow as well (I see multi-families! I see apartments! I see commercial! I think I've found something I enjoy doing!)
There's a Syndication Seminar being run the the Real Estate Guys near me in a few weeks. Plenty of time to register but the price is high. Has anyone been to one of these events? I'm a geographic bachelor (work) and very much trying to save pennies to send home to the wife and the mortgage payment but this weekend is almost a mortgage payment itself! Worth it? Thanks in advance, ya'll!
-Brian
The Accidental Syndicator