SFH to Syndication : Where to start?
Hey Everyone! I'm from Indiana and just started investing this year. I bought a single family home in Fort Wayne for $53,500 and get $650 a month (7% ROI w/o mortgage and 15% w/ mortgage). Not bad for a first deal to my preferences. However, I got into real estate because I want to get into large apartment complexes and I've taught myself a lot about syndications. I have the money to create one but I still feel lost and nervous to start. Should I just go talk to an attorney? Should I find someone that is experienced in syndications to form one together? I would love all advice, recommendations, and/or friends!
Thanks!
Most Popular Reply
@Aaron Van Curen - here are some tips on getting started.
1. Start writing articles and social media posts discussing multifamily investing. Engage in conversations. Reference outside articles to foster discussion. This will help you know who, in your network, is interested in investing with you.
2. Find a deal to JV on. There are plenty of people here on bigger pockets.
3. Go to other places other than REI meetings - like charitable events, etc, where there are other high net-worth, non-real estate people (doctors, lawyers, etc.)
4. Figure out what you want your marketing message to be and then consistently and constantly disseminate it.
5. Call a securities attorney. You are welcome to connect with me.
I hope this helps!