All Forum Posts by: Christian Requejo

@Christian Requejo

Let me get this straight...you want to use other people's money, be in charge, and not partner with them. Makes sense

How about starting with something small and learning and growing so you know what you're doing first

@Christian Requejo

You mention to want to be in control - investing in a syndication you have NO control. You are passive and have no involvement in the transaction. If you are the sponsor that means it’s your deal to manage, but being a syndicator does not happen overnight and typically you need 5-10 years under your belt.

Hope this helps

I am a multifamily Syndicator looking to build a team and find my first deal. I am willing to JV, partner and collaborate with people as long as it is mutually beneficial to each of us.

 Sure. These terms are often used interchangeably. Sponsor, Operator, Syndicator, General Partner are all generally used to mean the person or people who do the work. They find the deal, get it under contract, get the financing, raise the capital from passive investors, close the deal, operate the property/manage the property manager, and ultimately sell the deal.

Passive investors' participation is limited to their investment of capital. They do not have an active role in the deal at all. "Limited Partner" is also a common term for passive investor.

These terms can all have slightly different detailed definitions, with this response I'm just aiming to give a high level overview.

Passive investing is when you become a limited partner in a syndication deal. You have no control and you do not manage the property. If you want control in a syndication, you must be the main sponsor or General Partner. The General Partnership team can be a group or multiple groups of people. You cannot do a syndication alone. You must have a team. If you dont want to use anyone else's money, syndication definitely isn't for you. Syndication is typically for larger deals 100+ Units, although sometimes, syndicators do raise capital for deals less than 100 units as well. If you just want to JV on deals around 20-30 units and want a majority of the deal, you would need to put up the majority of the money. If you have a high net worth, i would say just go get a bank loan and take down a 20-30 Unit deal yourself since you want control

It depends. Plenty of people will tell you it is all about cash flow. Plenty of people will also tell you it is a long term appreciation play with zero or even negative cash flow. Just depends on your personal situation and preferences. Miami is actually a good play for both, just need to know where to look. I am not in Miami but have friends and clients down there that are very active…

Passive investing in a nutshell essentially means you buy a property (either researching and finding a deal yourself or paying someone to do it for you) and then turning that property to someone else to manage. Other passive real estate investing is just that investing and/or buying proportional equity in something (or being on the lender side where you are lending your own money through a third party)

If you just want to passively invest you don't really need an expensive coaching program. There are a lot of free or inexpensive resources out there that can teach you how to vet sponsors and deals.

Syndication is definitely neither get rich quick nor no money down in reality. Some folks out there are pitching it that way, but that's wrong.