Multifamily syndication success

[Tony Sanders]

I’m putting together a team to dive into multifamily syndication, but after reading a post and comments on BP, I’m starting to worry that social media is more focused on promoting businesses rather than sharing real strategies for long-term success in this field. It’s making me question whether this is all just hype or if it’s actually a viable approach. The post I saw didn’t offer any strong positives. Can anyone provide insight into what it really takes to excel as a multifamily syndicator?

[Arn Cenedella]

@Tony Sanders

Lots of great advice for the comments here. 

FIRST and MOST IMPORTANTLY:

Become an excellent investor yourself!

Until you become a highly skilled investor, there is no logical reason to become a syndicator. 

Learn on your own dime before you learn on other people’s money. 

THEN put together a team.   

Here’s how I think about it:

There are four keys roles in syndication:

1. the Hunter - finds the deals (acquisition)

2. the Hammer - runs the deals (operations)

3. the Mind - runs the numbers (underwriting and accounting)

4. the Money - raises the capital

One person rarely has all four skills. 
Find those skills - my team is 3. 

I’m the Hunter, Brian is the Hammer and Dan is the Mind. All three raise capital. 

Hope this helps.