First time syndicator

[Mike Cordova]

I am a relatively new REI. I have completed one SFR flip and have 4 flips under construction. I have zero landlord or property management experience. A very close friend of mine is funding some of my deals. We are both fans of people like Joe Fairless, Grant Cardone and other commercial syndicator. My friend has a fairly sizable network of high net worth individuals and wants to invest in commercial real estate. My question is, what would be the first step in starting a fund? How hard is it to get financing for a first timer?

[Jorge Abreu]

With this being your first syndication I would try and find an experienced deal sponsor to partner with. This will allow you to get the best terms on debt and also give you the opportunity to learn from them. As far as the fund I would suggest starting with a single deal specific syndication first before starting a fund. Definitely reach out to an sec attorney to find out the differences and which route would be best for you.