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Updated over 4 years ago,

User Stats

11
Posts
6
Votes
Everett E.
  • Investor
6
Votes |
11
Posts

Investing in syndications through a wealth management company

Everett E.
  • Investor
Posted

I'm currently talking to a financial advisor with RBC Wealth Management that I met through the Bigger Pockets forums (Hi Dan, if you're reading this) about investing an inheritance from my grandfather in real estate syndications as a form of passive income. There is a 1% annual fee on the total investment, but he's telling me that the syndications they have access to have a proven record of bringing in mid teens. This significantly outperforms my original plan of investing a chunk of the money in Fundrise, but I wanted to get some second opinions. I know syndications carry an element of risk and it brings comfort knowing that the ones I'm using are being vetted by a professional, but are there benefits to doing this myself and not using a middle man? What are some things I should watch out for here? 

I really appreciate you guys being willing to share your collective wisdom with a novice like myself.

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