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'How To Avoid Mistakes Real Estate Syndicators Make'
2 Replies
- 07/25/24 09:00AM - 10:00AM America/Los_Angeles
- https://us06web.zoom.us/j/82431780697
- Free
Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. There may be pitching of products, services or properties at this event!
Mark your calendar now for Syndication Attorneys, PLLC's next free interactive podcast on Thursday, July 25, 2024, at 12 p.m. EDT/ 9 a.m. PDT. Join our very own Securities Attorneys, Kim Lisa Taylor and Mola Bosland, as they discuss the common mistakes real estate syndicators make and how you can avoid them. During this event, Kim and Mola will share some of the things that have caused their clients' offerings to fail, along with some tips that can help you succeed. Tune in to the live podcast to get your questions answered by Kim and Mola in real time. Our free monthly podcasts typically run for an hour.  |
#3 All Forums Contributor
- Investor
- Virginia
Quote from @Kim Lisa Taylor:
Is it true that I read somewhere than 70% of new syndicators have less than 3 years experience?
I haven't analyzed the data, but it wouldn't surprise me if this is correct. There are MANY real estate trainers teaching an army of people how to syndicate; mostly multi-family. We do have a lot of first-time syndication clients, most of whom raise money from their own family and friends for their first few years, or team with other experienced syndicators if the deal will be advertised. All of them have to start somewhere.
Our advice to clients is that they shouldn't try to advertise for investors or start a fund that will acquire multiple properties until they have 5-6 deals under their belts, which could take them several years to achieve. It's always good practice to ask the Syndicator how many deals they've done and to closely examine the experience of their team - making sure that those with the experience are meaningfully participating in the deal.
