Beach Syndication Deal

[Paul Rumsey]

Investment Info:

Other private money loan investment in Randalia.

Purchase price: $50,000
Cash invested: $50,000

Syndication deal on 12 beach home short-term rental construction project

What made you interested in investing in this type of deal?

I wanted to partner with some of my mentors so I could learn more about new construction without taking on all of the risks by myself.

How did you find this deal and how did you negotiate it?

Through REIA and investment groups

How did you finance this deal?

Funds from HELOC on another investment property

Lessons learned? Challenges?

Be patient. these are mid-term plays, so you must be prepared to go without the cash for several years.