All Forum Posts by: Kim Lisa Taylor

I agree with Ryan's comments about considering putting a syndication together to invest in other markets. When you are investing in self-managed properties (single family and small-plexes) it makes sense to invest in your home market. But if there are no deals (which is why I moved out of southern California), you can economize by creating a syndicate and investing in out-of-state deals big enough to sustain a full-time property manager. If you can't buy  them on your own, then forming a syndicate (group of investors to invest with you - with you as the asset manager), is an option for you. 

You have a tremendous resource in your own back yard, David Lindahl and REMentor (in Boston), who teaches people all over the country how to buy multi-family, how to find the right markets, and how to syndicate deals. 

If you want to learn more about syndication, there are several articles and audios on my website about syndication too. 

Hi Nathan, Great info from Dave on the 1031 issues. That's clearly the simplest way to go with your 1031 property. You can have others invest with you in a TIC as he suggests, but there are some significant differences in what you can earn as a member of a TIC versus what you can earn as a Syndicator. Generally, your TIC interests will be commensurate with your cash (or 1031) investment and there are limitations on what you can earn for putting together the TIC and acting as its asset manager.

Conversely, there are about 12 ways you can earn money as a Syndicator by contributing sweat equity, in addition to making a return on any cash investment you may (or may not) choose to make. It's best for you to have a consultation with a real estate syndication attorney who can help you figure out the legal structure and securities exemption that most closely matches your long-term goals, based on the size and type of properties you will acquire, their location, and the financial qualifications of your investors.