How to get your foot in the door? (Syndication)

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Briefly, I'm a firefighter, former military, one STR under my belt. Capital restraints have made me pivot to syndications.

I'm teaching myself underwriting while also getting help from a syndication team out of Ohio. Bought the SDA, and continue to work on this skillset. The goal is to get a deal on the table.

I'm also meeting a local syndicator in my area for dinner. 

So networking and underwriting are my focus. 

What else can I do to force things to happen?

[Chris Seveney]

@Vincent E peters

I wouldn’t try and force anything as one bad deal will set you back a decade.

Speaking truthfully I would not recommend doing a syndication after having one deal under your belt. A syndication is also running a company where you are paying investors returns and managing cash flow. You can’t hold too much cash but need to have enough. That balance along with dealing with investors, auditors etc. Is not simple task.

Also, when raising money people will ask how much have you made in real estate and how much do you have in the deal. If your response is I bought three rentals and have not made any money yet why would they invest in your offering. What is your differentiator from others

This is not meant to be a dig, but I hope people read this and understand real estate is a long game and you should tread lightly. It’s like someone getting a pilots license then wanting to go fly a commercial 757 after flying a single engine only.