Advice from A Syndication Specialist!

[Patrick Daly]

I am looking for someone with experience in real estate syndication. I am trying to get a syndication deal together I have investors willing to do a deal with me. I have a few questions on syndications, someone with experience and knowledge with this aspect of investing would be a great help to me. I need guidance with the legalities and structure of the deal. If you have had experience with syndications in or out of state please reach out! Thanks!

[Theo Hicks]

Hi Patrick, 

A few things to think about:

1. You'll need to find a property management company who will manage any deal that you buy
2. You'll need to meet the net worth and liquidity requirements to qualify for a loan 
3. You'll likely need someone with experience to also sign on the loan
4. Typical structure between the LP and GP is a preferred return  and a 50/50 to 70/30 profit split
5. You can have up to 35 non-accredited, sophisticated investors with a 506(b) offering, as long as you have a pre-existing relationship

Also, do you have previous real estate experience? If not, I would recommend finding a partner or sponsor who does. Because it will be difficult to attract accredited investors without a track record.