Wholesaler 路 Glendale, CA 路 Member since 2021 路 13 posts 路 3 votes
Just started learning about multifamily investing. My goal is to become a syndicator, anyone have any good advice or tips for a newbie to learn the ins and outs of multifamily syndication? So far I鈥檝e been read Ken McElroy鈥檚 ABCs of Real Estate Investing and just ordered his Advanced Guide. I鈥檝e been watching a lot of podcasts about multifamily investing and syndication, specifically BiggerPockets and Own Your Time. I really want to start networking and attending seminars/networking events about investing, more specifically multifamily syndication. Any advice or feedback would help, thanks!
The Hands of Investor by Brian Burke. It is targeted at the passive investor investing in syndications but you'll learn a lot about real estate syndication. It is spot-on in specifics of syndication, yet very readable.
The Hands of Investor by Brian Burke. It is targeted at the passive investor investing in syndications but you'll learn a lot about real estate syndication. It is spot-on in specifics of syndication, yet very readable.
Developer 路 Boise, ID 路 Member since 2020 路 173 posts 路 198 votes
5y
I second @Taylor L. on the Joe Fairless book. We have a meetup that we do in Boise Idaho (I can't post the link or they will flag me) but got to Meetup dot com and check out all the ones that are likely in your area.
@Taylor Definitely need to check that out, thanks for the tip.
By any chance would you know where I can find these networking group events?
Meetup.com is pretty much the best source. Many are also posted in the BP events section. Look for virtual events all over the country, there are many!
Ladson, SC 路 Member since 2017 路 53 posts 路 22 votes
5y
@Dante Terteryan For something as complex as apartment syndication partnering with someone/working for an accredited syndicator is going to be your fastest path to success. As some of the folks above noted, attend events and identify who you have a spark with. Figure out a way to add value to them and they will likely teach you the ropes!
Wholesaler 路 Glendale, CA 路 Member since 2021 路 13 posts 路 3 votes
5y
@Israel Garavito
That鈥檚 sounds like a good idea Israel, the only problem is I鈥檓 a full-time realtor. I鈥檓 trying to learn multifamily syndication on the side until I gain enough knowledge to actually get started .
Real Estate Syndicator 路 Portland, OR 路 Member since 2014 路 453 posts 路 312 votes
5y
@Dante Terteryan
As a real estate agent you are already in the business and know a ton of knowledge!
Keep reading, podcasting and gaining knowledge of the idea of syndication. Introduce yourself to syndicators and find a way to help them. If you鈥檙e listening to podcasts I鈥檓 sure you鈥檝e heard the saying that if you come to someone and ask them how you can help it鈥檚 just more work for them, find a way to help.
My suggestion once you get further down the line, is mock up a deal. Put together a PPM, do a webinar, get an operating agreement, go through all the motions. Pick some piece of real estate that sold already, but that way you have pieces of the puzzle to use to talk to future investors and while you are putting it together will solidify your understanding of the process. Yes, it鈥檚 a lot of work, and most likely an investment. But, if it鈥檚 what you want to do and you鈥檙e committed, will be a drop in the bucket when you look back in 20 years.
Wholesaler 路 Glendale, CA 路 Member since 2021 路 13 posts 路 3 votes
5y
@AJ Shepard
Sounds like a great idea! I鈥檝e heard multiple times that you must bring value to the table somehow, especially without money to invest or a track record.
Does this mean just sending multiple demo deals to investors/syndicators as a way of demonstrating my understanding of syndication until I find the right deal?
Investor 路 U.S.A. 路 Member since 2014 路 6 posts 路 4 votes
5y
If you haven't already, go to YouTube, and search for: "Real Estate Syndication", or "Multifamily Syndication", or "Apartment Syndication". This is all free.
You can also search for the same on Amazon for books.