Starting Out

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Jing Chai
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Should I start out by doing a non-accredited syndication?

Jing Chai
Posted Jun 28 2019, 10:38

I attended a real estate investing meetup and was presented a deal for a syndication on an apartment. The minimum is $50,000 share.

Here is a brief summary of the deal:

-646 Unit Class B Multifamily in Georgia 

-$63.5M purchase price

-3 year hold

-8% perf, 16% projected IRR

-1.53x investment multiple

Currently I am a non-accredited investor and have the $50k available, however that represents over 60% of my liquid cash reserve. For someone starting out, would a commercial syndication be a good way to begin investing?

Thanks

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