Updated about 6 years ago on . Most recent reply
Getting Action Started
Hello Everyone,
So I've been stuck on analysis paralysis for the past 3 years. I've been going to seminars and listening to gurus talk about syndications. I've also read ton of books on commercial real estate and even read books that focused on raising money.
However everytime I move forward with action, I always get stuck.
I know how to analyze a deal and can find creative ways to add value to apartments and I am very knowledgeable on metrics like CAP Rate, Cash on Cash Return, IRR but because I have no experience, its hard to get investors to finance a deal. What is the best way to overcome this hurdle. In addition, for the experience syndicators out there, how were you able to get over this problem?
Thank you in advance for answering,
Bryan.
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
@Brian Geiger with no experience, directly in real estate, it is about outlining your accomplishments in other areas and having a logical argument about how those successes will translate into real estate success. Think of it like applying for any job. You likely don't have the "exact" experience a new employer is looking for, but you have skills you acquired from previous work that translate.
Secondly, this is where a team can help as well. Find what you are good at and enjoy, and bring in partners to help with the rest. It sounds like you are great at the financial modeling and analysis. But, based on your post, maybe networking and marketing are not your strong suits. Find someone who also has similar goals to you overall, and is great at marketing and networking, to partner.