Updated over 4 years ago on . Most recent reply
Excited to GamePlan my first syndication
I am excited to delve into the world of Real Estate syndications even if it's just a game plan this time around (I have a property I am eyeing). Recently I made the commitment to getting my portfolio with my partner up from 36 units to at least 50 units by the end of this year. We are looking to sell off 11 units (for duplexes and 1 Triplex). This will net us approximately half a million dollars of funds to roll into the next investment. While looking at slightly bigger smaller multi-family properties the thought has crossed my mind to take a portion of this and launch a syndication effort for a 40 to 100 unit apartment building. This is a journey that I'd love to share with everyone the lessons learned from others and the journey.
If anyone in the state of Connecticut (who I could meet with) or farther abroad (who I would love to jump on a phone call with) has any knowledge on this or interested in this let me know as I am trying to learn so I can take action. Great book recommendations on the topic are also highly welcome.
Most Popular Reply
I agree with @Ethan Neumann. Investing in education will allow you to go bigger faster, and it will also allow you to leverage the credibility and experienced of a more experienced sponsor. You'll cut your learning curve for sure. Good books are:
-The Best Ever Apartment Syndication Book
-The ABCs Of Real Estate Investing by Ken McElroy
-Apartment Syndication Made Easy by Vinney Chopra