Flipper/Rehabber · NC · Member since 2017 · 40 posts · 7 votes
Im looking to talk with a few with people that has done at least one mutli family syndication deal and willing share there experience and advice. It would be extremely helpful to organize a single thread.
Please comment if you meet the criteria listed above - thanks
I'm looking to learn this business. I order the book financial freedom by Michael Blank and Best ever apartment syndication book by Joe Fairless. Along with several podcast by both of them. I'm wanting to know if these books and podcast really get you prepared for the journey that I will take or maybe talking with someone that's in the trenches doing this everyday.
Flipper/Rehabber · NC · Member since 2017 · 40 posts · 7 votes
7y
I'm looking to learn this business. I order the book financial freedom by Michael Blank and Best ever apartment syndication book by Joe Fairless. Along with several podcast by both of them. I'm wanting to know if these books and podcast really get you prepared for the journey that I will take or maybe talking with someone that's in the trenches doing this everyday.
I'm looking to learn this business. I order the book financial freedom by Michael Blank and Best ever apartment syndication book by Joe Fairless. Along with several podcast by both of them. I'm wanting to know if these books and podcast really get you prepared for the journey that I will take or maybe talking with someone that's in the trenches doing this everyday.
Flipper/Rehabber · NC · Member since 2017 · 40 posts · 7 votes
7y
So what's the solution to this because I dont believe fixing and flipping is the same thing nor wholesaling a 12 unit complex the same. The only issue for my is I dont know who to turn to in order to get creditable information. I'm in the Charlotte NC area and would love to offer my service in order to gain knowledge in the field.
Rental Property Investor · Lone Tree, CO · Member since 2017 · 18 posts · 13 votes
7y
@Darius Howell definitely educating yourself with books and podcasts will help you in your journey, Joe Fairless and Michael Blank are both great resources. Some other great multi family syndicators to check out are Rod Khleif, Jake & Gino, The Real Estate Guys. It is also very helpful to attend local area apartment meet ups and get connected with folks who are in the business.
Rental Property Investor · Lone Tree, CO · Member since 2017 · 18 posts · 13 votes
7y
@Darius Howell it can also be a great investment to attend multi family conferences where you can get the education and the networking. Most of those mentioned above host conferences in various cities throughout the year. There is a lot of info and opinions about those conferences in BP threads, check them out.
Investor · Lexington, SC · Member since 2018 · 779 posts · 501 votes
7y
@Darius Howell I can definitely attest to the fact that @Joe Fairless has helped me in my apartment syndication business (although not just from his books - I agree with @Ben Leybovich). Send me a PM as I'd be glad to discuss in more detail with you my thoughts and how I got started...hopefully this will be helpful to you.
In addition to reading books (which is definitely a step in the right direction), you need to gain experience (by buying yourself the asset class you're interested in - ex, commercial multifamily), and/or get education from one of the experienced syndicators offering it.
In addition to the guys @Stephanie Wankel mentioned, @Ben Leybovich offers education as well. I'd say check out and speak with all of them to see which one suits your plans best.
Investor · Leawood, KS · Member since 2017 · 178 posts · 108 votes
7y
@Darius Howell best way to add value to a syndicator is find really good deals in your market. Charlotte being a great one. Begin to build relationships with vendors, property management companies, probate lawyers, eviction attorney's, whoever you know that might have access to deals or motivated sellers.
If you can do that then a syndicator will gladly take you under his/her wing.
Investor · Indianapolis, IN · Member since 2015 · 764 posts · 953 votes
7y
@Darius Howell find a master (successful, integrity, solid rep in the local market, etc) in your market and offer to work for him or her for free. That's how I started. It will get your foot in the door and I promise you you'll figure out how to make money along the way.
Flipper/Rehabber · NC · Member since 2017 · 40 posts · 7 votes
7y
@Ivan Barratt thank you, I do appreciate your input and would love to discuss a little more with you if you have the time. To find someone in our local market that has the qualities that you are talking about.
Rental Property Investor · Knoxville, TN · Member since 2017 · 147 posts · 65 votes
7y
Forums like this are great, and a lot of the podcasts and things out there will be helpful but will only provide surface level information. I would recommend looking up Justin Spaulding on Instagram. He has a program that you can take a look at where he will go into these deeper details.
Cincinnati, OH · Member since 2013 · 1k+ posts · 1k+ votes
7y
@Darius Howell The books, podcasts and forums are excellent ways of getting started. However, it helps to have a mentor in your corner once you've completed the first level of education.
You're talking about other people's hard earned money, complex SEC guidelines and your reputation in a very competitive market. You don't want to wing it. Find a mentor, mastermind group and/or partner.
@Darius Howell definitely educating yourself with books and podcasts will help you in your journey, Joe Fairless and Michael Blank are both great resources. Some other great multi family syndicators to check out are Rod Khleif, Jake & Gino, The Real Estate Guys. It is also very helpful to attend local area apartment meet ups and get connected with folks who are in the business.
Investor · Charlotte, NC · Member since 2017 · 791 posts · 479 votes
7y
@Darius Howell books with only get you so far. You can either pay for coaching or work for someone locally for free and add value to them. Both ways can get the job done and accelerate your learning curve.