What is a syndication deal?

[Ben Feder]

Hi, I'm new to the investing world but have been interested and learning for a few years. I am primarily considering small multi-family as my initial investment niche and BRRRR as my strategy, but am open to other ideas as I an pretty much a blank slate as of now. I live in the Philadelphia suburbs and am primarily interested in investing nearby.

I've heard about doing syndication deals as one investment strategy but I don't know what that is. What is a syndication?

[Account Closed]

@Ben Feder  You've got some great explanations on here so I won't dive into what a syndication is, but wanted to let you know that I was in the same boat when I first started looking at Multifamily investing.  We were looking at 6-10 units to start out and actually bought a brownstone in Chicago.  We quickly realized that we weren't able to "go big" quickly by sinking a lot of our capital into these smaller properties.  We did quite a bit of research and discovered syndication- found a mentor (Mark Kenney) and we're closing in a couple of weeks on our first deal- 173 units. It is certainly a team sport and finding the right people with the right skill sets is crucial to your success.  We could not have done it without Mark and other key players in our group who came on board to help raise capital, analyze the deal, sign on the loan, etc.  Happy to chat if you have more questions! Send me a PM.  Hope this is helpful.