Getting started with Apartment syndication

[Kristopher Raepple]

Hello,

I have been doing a combination of house flipping, wholesaling and building a small portfolio of 40 rental units over the last 7 years. Currently doing about 8-10 flips a year with a 4 man crew and self managing my rental units.

I am looking to move into larger multi family properties through syndication. Does anyone have any guidance or recommendations for someone with real estate experience looking to get going with syndications?

Also, is there any recommended coaching programs or potential mentors that would be worth recommending to help prevent as many beginner mistakes as possible?

Thanks in advance for any input and advice. Happy investing!

[Michael Ealy]

Originally posted by @Kristopher Raepple:

Hello,

I have been doing a combination of house flipping, wholesaling and building a small portfolio of 40 rental units over the last 7 years. Currently doing about 8-10 flips a year with a 4 man crew and self managing my rental units.

I am looking to move into larger multi family properties through syndication. Does anyone have any guidance or recommendations for someone with real estate experience looking to get going with syndications?

Also, is there any recommended coaching programs or potential mentors that would be worth recommending to help prevent as many beginner mistakes as possible?

Thanks in advance for any input and advice. Happy investing!

 Kristopher,

You are smart in wanting to get a coaching/mentoring program to ensure you don't commit costly mistakes. 

One alternative to mentoring/coaching is partnering with experienced apartment syndicators. You provide value to them by having you look for deals or help them raise capital. In exchange, you learn how a deal is analyzed, put together and you learn/get the legal/SEC documentation you need to put a syndicated deal together.

1-on-1 coaching is very time consuming and frankly for experienced apartment syndicators like me (I own 1,000 apartment units), the only way I can structure it to make it worth my time is by actually doing deals together. Below are the kind of deals that I do and things I've learned:

https://www.biggerpockets.com/forums/432/topics/753858-brrr-actual-deal-2m-profit-or-15k-mo-cashflow-with-pictures

https://www.biggerpockets.com/forums/311/topics/644570-how-i-made-over-1-million-on-1-deal-after-6-years-of-headaches

https://www.biggerpockets.com/forums/432/topics/765918-whats-your-most-successful-apartment-deal-ever

https://www.biggerpockets.com/forums/52/topics/802703-41-units-no-money-down-deal-627k-profit-in-15-months-how