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