All Forum Posts by: Andrea Pagano

I am a wholesaler who is about to approach the Atlanta market, what areas are you looking for and what other criterias do you have to purchase property?

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Real estate development is super expensive, can't I cut the costs by just opening my own construction firm, paying architects, engineers and all other professional figures to do the job that the construction firm would do without paying additional money than just labour and primary materials? Or have a partner run all of the construction and give him a split of equity which would still be more profitable than paying a construction firm?

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Originally posted by @AJ Shepard:

@Mike Edwin

One thing to take into account as well is the lender requirements. Even though you may do your first deal, if you don’t have a track record and net worth requirements that many lenders require you may be partnering or needing a partner for some time while you get started. Best thing is to start making relationships and figuring out how you can help!

I guess my partner will be doing the lending part?

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@Taylor L. sounds pretty good to me! But would a gp actually guide me through the whole process even if my job would be done after finding the deal? Because if he didn't I'd build a track record but I wouldn't really know what to do to close a deal by myself, that's why I thought about giving up all my equity: for him to actually explain to me how things work

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Would you believe to be a good idea for a beginner who hasn't done any deal yet to partner up with a more experienced syndicator and give up all equity to him? I was thinking on how to get around the first deal blockstone and this solution is the fastest I can think of if it is achievable. Basically the beginner would be trying to get the deal and the investor doing all the heavy lifting, they'd trust the beginner a lot more since he'd be the partner of the more experienced syndicator, deal closed and the beginner's track record is born. I'd love to hear your thoughts

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Originally posted by @Bruce Lynn:

Show them the money. We don't care about experience. We care that you will close...so show us the money you have to do that.....and then do it. That's how you build a reputation.

The thing is that I'll be searching for big multifamilies to bring to syndicators so I won't have the money to buy a 10 million dollar apartment complex, you say that to get agents to bring me deals I need to show cash but I need to show investors that I have deals before asking for cash, you get me? It's like the chicken and the egg dilemma

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I will soon start attending networking events and I'll try to get in touch with agents and brokers to get deals. I'm afraid that when I'll tell them that I'm a beginner with no experience they won't take as seriously and just won't take deals to me because they'll think it's not worth the time and probably won't close. How can I solve this problem? I was thinking of starting a podcast to start getting a personal brand, could this help?

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Originally posted by @Taylor L.:

What are you good at? Are you good at social media? Many syndicators need help in that area.

There are a lot of ways you can help a syndicator, but it starts with what you're good at. Maybe you help them get booked on podcasts? People pay a pretty penny to services that get them booked on podcasts.

Help them run a networking group or a meetup? Running a Meetup isn't that hard, but it's not exactly easy and it does take a decent amount of time. Perhaps put together a plan to form a meetup, and approach an experienced syndicator to partner with you on forming said meetup.

Just 3 ideas off the top of my head, that you could get started with pretty quickly and add real value.

I get how these ideas could help me networking to find syndicators and future investors but how could this help me build a track record /get experience to show investors I'm a good candidate?

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I want to do syndications, I have no money and no experience. I was thinking of offering to work for free for a syndicator but I don't know how I could be useful if I have no experience nor money. What do you think is the best way I could provide value to a syndicator so that I will be able to gain experience and networking by working/interacting with them?

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All Forum Posts by: Andrea Pagano

Andrea Pagano has started 5 posts and replied 9 times.

Post: What are you looking for in Atlanta?

Post: Avoiding construction costs and building rentals by myself

Post: Giving up all equity on first syndication deal

Post: Giving up all equity on first syndication deal

Post: Giving up all equity on first syndication deal

Post: How can I make agents take me seriously when starting out

Post: How can I make agents take me seriously when starting out

Post: How do I provide value to syndicators

Post: How do I provide value to syndicators