Syndication: how to ger started.

[Tina Lee]

Hi all, I have experience on real estate and wondering if I should started my own syndication business for investors who is Intersting on buy and hold business. I have no idea how to start and wonder if any mentor would like to teach me.

Or at level of my experience am I thinking too

Much? 15 years plus experience being an buy and hold investor .

[Evan Polaski]

@Tina Lee, to layer on what others mentioned: being a syndicator is not the same as being a buy and hold investor.  First, most, but not all, syndicators are marketers first and operators second. If you are starting out alone, you will be the marketer first, because without equity, it isn't worth even trying to find a deal, and without a deal, you don't have to worry about the operations.  Even if you find a partner, everything starts with the equity, or at least a network of investors that have expressed a certain amount of interest when you bring a deal.

Then comes the ongoing work.  Yes, most is the true operations.  But with outside investors, that means regular reporting to the investors, addressing on going questions, making sure distributions go out consistently.  And this can be a lot, depending on your investor's expectations, when things are going well, and if something starts diverging from the plan, you may likely be having a lot more questions to address, on top of the regular operations.

All this being said, it certainly can and has been done.  It is just dramatically different type of work than you may be used to, if you are used to running your own deals with your own capital.