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Podcast Hard Money Lenders Books Washington
ForumsArrowMulti-Family and Apartment Investing ForumsArrowSyndicate or wholesale multifamily deals
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Syndicate or wholesale multifamily deals

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  • Posts 146
  • Votes 30

Dennis Johnson
Investor from Villa Rica, Georgia

posted over 3 years ago

What are the pitfalls in starting deals as a syndicator or what are the first steps in getting a deal done start to finish.

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Check Rosette Top Subject:
Taxes & Accounting
  • Posts 994
  • Votes 953

Nick B.
Investor from North Richland Hills, Texas

replied over 3 years ago

First step is to get educated. Here is a reading list:

https://www.amazon.com/Complete-Buying-Selling-Apa...

https://www.amazon.com/Multi-Family-Millions-Repos...

https://www.amazon.com/Its-Whole-New-Business-how/dp/1511928808 - "must read" for a syndicatior

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  • Posts 146
  • Votes 30

Dennis Johnson
Investor from Villa Rica, Georgia

replied over 3 years ago

Thanks @Nick B. I actually have read the mult family millions by Dave Lindahl real good book guess I need to pull it out again, I have been reading, researching and talking to people now just want to put the info into action.

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Check Rosette Top Subject:
Taxes & Accounting
  • Posts 994
  • Votes 953

Nick B.
Investor from North Richland Hills, Texas

replied over 3 years ago

Lindahl's book is good but short on analysis and numbers. Burges' book fills this gap. 

The third book is purely legal but is a must read to understand all legal requirements and hurdles.

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  • Posts 152
  • Votes 37

Jimmy Cantave
from Miami, Florida

replied over 3 years ago

@Nick B. Thanks Nick as well I will look into those books...

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Check Rosette Top Subjects:
Rentals, Team, and Single Family
  • Posts 2.7K
  • Votes 3.3K

Todd Dexheimer
Rental Property Investor from St. Paul, MN

replied over 3 years ago

For syndication once you're educated and have analyzed deals from brokers, property managers, then it is time to start talking with potential investors. After you have a list of potential investors then you can find a deal to take down. Wholesaling a property is a great way to start, but if it was me I would take less of a wholesale fee or none and be a partner in the deal. 

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  • Posts 127
  • Votes 243

Andrew Campbell
Multifamily Syndicator from Austin, TX

replied over 3 years ago

Like @Todd Dexheimer , it all comes down to access to capital if you're ready to start syndicating.  Yes, you need to understand all the legal responsibilities and make sure you don't go to jail--but without investors/access to capital you've got nothing.  

I'd also think about getting a mentor.  There are lots of folks out there offering mentorship programs--I think the advantage is they can help walk you through your first few deals and answer questions as you proceed each step of the way. 

Good luck!

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  • Posts 146
  • Votes 30

Dennis Johnson
Investor from Villa Rica, Georgia

replied over 3 years ago

@Andrew Campbell that's the issue I have been having is finding a mentor that will teach me a system and not sell it to me any recommendations 

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  • Posts 760
  • Votes 919

Ivan Barratt
Developer from Indianapolis, IN

replied over 3 years ago

@Dennis Johnson keep reading and take action. Start where you're comfortable. The mentors will come organically.  Keep reading books; not podcasts! Block out all real estate content that doesn't fit your formula. Focus dawg!

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  • Posts 146
  • Votes 30

Dennis Johnson
Investor from Villa Rica, Georgia

replied over 3 years ago

Lol @Ivan Barratt i have the reading and The action part is easy just need that one persons to show the steps and direction I got the leg work.  Would like to walk me through the process of a syndication scenario 

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