Syndicating properties I already own

[James Wright]

Hello, I own about 450 units, and raising money to buy 500 more or so, I am raising a fund for new properties currently, but the thought occurred to me to syndicate my current properties and use the money to buy more myself.

Investors wouldn’t participate in upside because buying performing properties, but they wouldn’t have the risks involved in repositioning properties.

Has anyone done this? And did it work out? Any tips?

Thanks a lot

[Jacob Blackett]

@James Wright you can definitely do this, and I have in the past. I used to syndication portfolio's of single family homes whereby I would acquire, renovate, and then put 10 homes in one LLC and sell 70% interest to investors in order to get my cash back. Rinse and repeat.

I'm now syndicating multifamily properties, and have raised the funds post-closing on more than one occasion. 

You can set the terms however you want - so long as your investors will be willing to invest :)

PM if you'd like to connect sometime to discuss further details, I just wrapped up my 18th syndication - happy to help where I can! - Jacob