All Forum Posts by: Rodney Robinson

@Eric J Platter great question. There are many groups out there, especially during this time where zoom calls are becoming more common. 506(b)allows for accredited and “sophisticated investors” who do not meet the accreditation requirement. There are limitations for how many sophisticated investors a syndication can have. It is also important to note that for 506(b) there must be a “pre-existing and substantive relationship.” In summary, in order to passively invest in syndications, you do not have to be accredited, but must first find and develop a relationship with a sponsor.

1) Bigger Pockets - I have found this section of the forum is helpful for discovering syndicators and to begin to follow their content.

2) Linkedin - I am actively involved on LinkedIn and in 3 months have been able to 10x my network of other apartment investors and active syndicators

3) Podcasts/Blog Content - Once you learn of a few syndicators, they may have a podcast; if they do, check it out and subscribe. This will allow you to understand follow them and become a part of their network.

4) Meetups - as I stated above, these Zoom meetups are popping up all over. I have found a meetup for nearly every day of the week!

If you have not already, explore these avenues and after having immersed yourself in the network, as well as developed solid relationships, you can find opportunities to invest as a sophisticated investor.

I hope this helps! Please let me know if this helps or if you have any additional questions.

Rodney

@Thierno Kouyate That is a great question. I see that many on here listen to hours of podcasts per week, and as one person stated, they are great for getting started and gaining familiarity/exposure into the mindset and world of a real estate investor. I will add to consider less how much you listen to versus what you learn and actions that you take from those lessons. For example, maybe for the next month you want to learn about getting your first property, so you listen to a couple podcasts for tips and take action. In my opinion, that is more effective than 15 hours a week listening to real estate podcasts without a goal.

I hope that this helps and safe investing!

Have a great week.

Rodney

@Ryan Guffey good creative thinking. It’s not easy but you will find the groove that fits for you. Good luck and keep us updated on how it’s working. If this is your destiny and passion, commit to overcome all obstacles.

@Ryan Guffey Have you considered getting up earlier? I am in a similar situation with the busy routine. Working full time, doing my MBA, my wife and I taking care of our four young children, and figured the only way to work on my real estate business is to get up earlier. So, since July, every week day at 4 am, I am up working a morning routine. However, I do not have 60hr wks like you do. Maybe you can find a groove that works for you.

Hope this helps and good luck on your success.

Rodney

@Shant Ohan precisely. You are getting someone else’s deal at a higher price to avoid the initial effort of stabilizing your own rental. Most people on this site are seeking to create wealth and the proven strategies are through cash flow and appreciation, and turnkey rentals do not usually fit that strategy.

I hope this helps!

Rodney

@Payton Pearson congrats and great creativity by thinking to Airbnb the second side for increased cash flow! Rewards come to creativity!

@Amelia McGee I agree. I recently locked in 3.5% for my single family rental cash out refi. I am working with a small community bank.

@Shiloh Lundahl wow. Thanks for sharing your story and struggles. What a great inspiration! You are where so many dream of being and yet, I am sure that you have even bigger goals.

@Nate O. Great and inspirational story. Thanks for sharing the 3 big steps you took. What are the next set of goals for your business?

@Charlene Fetzer like @Michael Itzla, I highly recommend the Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks. It is a very detailed and thorough book for those looking to syndicate. Are you looking to actively invest in apartments or invest passively I others’ deals?

Rodney