Syndication and Funds

[Justin LaJoie]

I'm currently evaluating different syndicators and funds that are in the single family and multi family space. I was hope you guys could reccomend some that have worked for you. Additionaly, please me and other know if there are some you've been burned by. 

[Bruce Lynn]

You might look at Brad Sumrock's group and Lifestyles Unlimited.   These would be for apt deals.   Not an endorsement and I have not invested with either, but they mostly seem to be on the right track to me.  Most of the deals I've seen require $50,000-$100,000 and you must be an accredited investor.

I would be very very careful investing with many syndicators.  I see a lot of people who now pitch themselves as syndicators who I would not lend $100 to, much less invest $50,000 with.  My roofer has pitched me, I see a local realtor who never really sold much pitching deals now, doesn't even own her own home, and even had the bellman at a hotel pitch me, so lots of people who probably know less than we do about syndication, managing apartments, improving performance, etc are pitching deals.