Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings. 

@Dave IveryI actually think it's pretty tough to get started right nowLow inventory, higher interest rates, and lots of competition for properties

there is a lot of competition - you're going to be up against both other low-budget operations and also high-budget, national operations. 

si=d717286d4eb242cdAvoid Competition: He refused to go for deals that had a lot of competition.

I don't need the competition. 

They offer various loan terms and competitive interest rates.

I figured this was a great value add opportunity and a way to lock a property before competition comes in when/if rates drop.

Most section 8 investors buy in lower entry neighborhoods that don't turn and the equity is a fantasy land expectation!

It's definitely competitive but definitely worth it when it goes right.

If it ‘works’ at 8% it will work at 6% but it will be a lot more competitive for buyers when rates drop further..