All Forum Posts by: Spencer Meng

Hello Jonathan,

Thank you for the feedback. My plan was to be a GP on a syndication and that was also one of my biggest concerns, how was I going to play such a big role on so many units while being a lot younger (less trustworthy in some eyes) and no real estate experience? However, I was told that wasn't a problem and that I could use a sponsor who does have the real estate schedule, net worth, and liquidity to sign off on the commercial loan and oversee certain operations on the deal. One of the first steps to this whole process was getting an entity and a holding LLC set up for this business structure which is why I have that LLC. However, now seeing yours as well as other responses here and elsewhere, I have to agree on starting with house hacking, getting that hands on experience myself first before going into something much bigger that has more potential complications.

Once again, thank you for your insight!

Hello everyone,

I am new to real estate and am currently trying get my hands on my first deal, however, I am torn between two pathways. I am wanting to move out of my current residence, and because of other benefits such as the experience I'd gain and the access to a low downpayment, all signs point to house hacking. However, I know I eventually want to move into multifamily and apartment investing/syndications. Additionally, I am already on a mentorship/education program for multifamily (syndications) and I already have an LLC and business set up for this strategy in real estate. I know most residential lenders won't lend to an LLC so my question is should I just house hack the way anyone else would, using my own personal financial status and name, my own funds for the downpayment, and put the multifamily entity and principles aside for now. Or, should I stick to my multifamily (5+ units) route but just live in one of the units, if thats even possible?

Thank you guys in advance!