My pursuit of becoming a syndicator.

Good morning/ afternoon,

Do you remember the movie Matrix and the part when Tank uploaded martial arts into Neo's brain? That is exactly how I feel about learning about REI and syndication over the past few months. I want more!

Syndication, to me, is about bringing people together to achieve something that cannot be accomplished individually. The moment I started learning about syndication, I knew that I wanted to pursue becoming a syndicator. The thought of making a deal excites me! The thought of enriching the lives of my family and friends motivates me!

Purpose of this post and future posts:

To establish a relationship and learn from experienced syndicators, investors, and others interested in REI. I will be writing about the current state of my knowledge and experiences as I go through the processes of my first deal.

My current goal is to start a deal or be a partner in a deal within a year.

Unordered Booklist:

First, I'll push a book written by a good friend Travis Goodson who wrote: 

A Script Unread, which is number one on Amazon's new releases right now!

• Syndicating Is a B*tch: And Other Truths You Haven't Been Told By Bruce Petersen
• Investing in Real Estate Private Equity: An Insider's Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding by Sean Cook
• Think and Grow Rich by Napoleon Hill
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
• Real Estate Investing: How to become successful on the property market (Real Estate for beginners Book 1) by Sabi Shepherd
• Financial Freedom with Real Estate Investing: The Blueprint To Quitting Your Job With Real Estate - Even Without Experience Or Cash by Michael Blank
• The Book on Investing In Real Estate with No (and Low) Money Down: Creative Strategies for Investing in Real Estate Using Other People's Money (BiggerPockets Rental Kit 1) by Brandon Turner
• The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing (BiggerPockets Rental Kit 2) by Brandon Turner

Let me know what books you have read and recommend?

Short-term goals/tasks:

• Onboard with a broker, I passed my RE sale agent exams this week! (I already have a few brokers in mind)
• Create a Personal Website
• Continue to read market data
• Study SEC Laws

• Form a team and establish a relationship with the following professionals:
• Real Estate Brokers, Commercial and Residential.
• Property Manager
• Property Inspector
• CPA
• Insurance Agent
• Appraiser
• RE Attorney
• Sec Attorney
• Landlord Attorney
• Commercial lenders
• Whom else am I missing?

Now for the generalized, simplified plan:

• Form LLC
• Grow pool of investors
• Assemble team
• Find a deal and come to an agreement
• Send deal presentation to investors
• Perform due diligence
• Hire Property manager
• Acquire funds before closing
• Close on property
• Maximize profits

Over the next few months, I will be making phone calls to the above professionals, attending meetups to find references and team members, and creating simple deals by analyzing market data.

Thank you for reading this post. One of the reasons I am posting is to become a better writer and to keep myself accountable for my personal goals. I hope to find like-minded individuals to add to my support group and I would like to encourage others who are pursuing financial freedom to connect with me. 

One million is equal to 100 people with 10 thousand or 35 people with 29 thousand!

Let me know your thoughts,

Robert Carnie