How do I participate/start a syndication in Canada?
Hey guys,
just a quick intro, I have been a landlord for my parents' unit for the past 5 years, and just this year I've decided to purchase my own properties. All of which are in Canada (Alberta and Saskatchewan).
I have gotten 2 SFH, but based on my research, Multi-families is the way to really scale the return and hit that FIRE number much quicker.
The problem is, I have no idea how to participate in one, or even start one. I have searched some apartment/condo buildings, but those are pretty much the steps I've taken so far...plus it does scares me quite a bit to think that I will be part of a huge project like that.
Any recommendations/comments/thoughts will be appreciated! Thanks in advance :)!!
Canada is tough as I believe but need to speak to a Canadian lawyer as there is more regulation for such.
Crowd funding is the closing thing in Canada
You need to look up ShaneMelanson.com his book “Club Syndication” is great content for an individual such as yourself.
He is from Calgary and has Done many syndication deals in Canada and USA.
Originally posted by @Hai Loc:Crowd funding is the closing thing in Canada
Can you elaborate on this please? Not 100% sure if I understand what you said here.
Thanks!
Originally posted by @Jon Marois:You need to look up ShaneMelanson.com his book “Club Syndication” is great content for an individual such as yourself.
He is from Calgary and has Done many syndication deals in Canada and USA.
Thanks for the recommendation!
Originally posted by @Jonathan Yeh:Originally posted by @Hai Loc:Crowd funding is the closing thing in Canada
Can you elaborate on this please? Not 100% sure if I understand what you said here.
Thanks!
Raising money via crowd funding has been gaining momentum in Canada.. as is Syndication.. you just need to abide by SEC rules on determining accredited investors..
As a sponsor you need to get financing in place based on your credentials not the investors..
It would be a good idea for you to partner with a sponsor first to get your feet wet. Unless you have a network of investors that trust you
Originally posted by @Hai Loc:Originally posted by @Jonathan Yeh:Originally posted by @Hai Loc:Crowd funding is the closing thing in Canada
Can you elaborate on this please? Not 100% sure if I understand what you said here.
Thanks!
Raising money via crowd funding has been gaining momentum in Canada.. as is Syndication.. you just need to abide by SEC rules on determining accredited investors..
As a sponsor you need to get financing in place based on your credentials not the investors..
It would be a good idea for you to partner with a sponsor first to get your feet wet. Unless you have a network of investors that trust you
Nope I've never done anything like this before, nor am I an accredited investor.....
More things to look into, thanks for the info!
Originally posted by @Jonathan Yeh:Originally posted by @Hai Loc:Originally posted by @Jonathan Yeh:Originally posted by @Hai Loc:Crowd funding is the closing thing in Canada
Can you elaborate on this please? Not 100% sure if I understand what you said here.
Thanks!
Raising money via crowd funding has been gaining momentum in Canada.. as is Syndication.. you just need to abide by SEC rules on determining accredited investors..
As a sponsor you need to get financing in place based on your credentials not the investors..
It would be a good idea for you to partner with a sponsor first to get your feet wet. Unless you have a network of investors that trust you
Nope I've never done anything like this before, nor am I an accredited investor.....
More things to look into, thanks for the info!
It's not for everybody..
However it's one of the best ways to leverage and one of the highest cash on cash strategies..
Originally posted by @Hai Loc:Originally posted by @Jonathan Yeh:Originally posted by @Hai Loc:Originally posted by @Jonathan Yeh:Originally posted by @Hai Loc:Crowd funding is the closing thing in Canada
Can you elaborate on this please? Not 100% sure if I understand what you said here.
Thanks!
Raising money via crowd funding has been gaining momentum in Canada.. as is Syndication.. you just need to abide by SEC rules on determining accredited investors..
As a sponsor you need to get financing in place based on your credentials not the investors..
It would be a good idea for you to partner with a sponsor first to get your feet wet. Unless you have a network of investors that trust you
Nope I've never done anything like this before, nor am I an accredited investor.....
More things to look into, thanks for the info!
It's not for everybody..
However it's one of the best ways to leverage and one of the highest cash on cash strategies..
That's what I want tho; if you don't mind me poking into your brain a bit more, what should I watch out for when I reach out to syndicators?
The best thing you can do is educate yourself. It’s tough to learn unless you have a good mentor. These are a few sites and courses I have been thru.
Pierre Paul Turgeon is the absolute authority on this in Canada. I’ve heard him speak many times and have his multi family resource on the shelf here. Absolutely worth it, specially the weekend course. He’s a former underwriter for cmhc, and also just a darn nice guy.
Originally posted by @Account Closed:Pierre Paul Turgeon is the absolute authority on this in Canada. I’ve heard him speak many times and have his multi family resource on the shelf here. Absolutely worth it, specially the weekend course. He’s a former underwriter for cmhc, and also just a darn nice guy.
Are you suggesting to attend one of his meetings? Thanks for the recommendation!
@Jonathan Yeh
If you want to learn multifamily in Canada, attend his workshop. You won’t regret it. I think he does one or maybe two per year usually. Not sure when the next one is. They run around $3k I think but there is ZERO upsell . Hands on including touring a small multi building in person and inspecting it the way it should be
Originally posted by @Account Closed:@Jonathan Yeh
If you want to learn multifamily in Canada, attend his workshop. You won’t regret it. I think he does one or maybe two per year usually. Not sure when the next one is. They run around $3k I think but there is ZERO upsell . Hands on including touring a small multi building in person and inspecting it the way it should be
That sounds good, have you invested with them before?
@Jonathan Yeh
PPT doesn’t sell syndications, he teaches multi family investing in Canada specifically. Spend some time on his website.
Originally posted by @Account Closed:Pierre Paul Turgeon is the absolute authority on this in Canada. I’ve heard him speak many times and have his multi family resource on the shelf here. Absolutely worth it, specially the weekend course. He’s a former underwriter for cmhc, and also just a darn nice guy.
Is he a retired hockey player ?
@Hai Loc
Ha, good eye on the name. But no. Pretty fit looking guy still though I bet he’s a 6-8 handicap