Yes, most syndications have the leads put substantial money in to start the thing.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I’m also glad the FCC is cracking down on robocalls for lead generation; it forces people to commit to real prospecting instead of cutting corners.Over the years, I’ve run a solid brokerage team, training agents and now I help people get into wholesaling.

@Pixel Rogue The cash out proceeds should be for business purposes such as investing in another RE project. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

U have to find developments that are purpose built for investors..

If that leads to a more structured and education based meeting, then that is great - if it remains just a place to gather and bounce ideas and network, that's great too.

But as a new investor, sometimes this advice leads you to only have cheerleaders in your life.

My current brokerage does not help generate any leads or anything like that.

But when it's equity gains, no tax, only at time of sale and if you 1031 Uncle Sam let's you continue to use that tax-$ for investing purposes.