How to find partner for syndication business?

How to find partner for syndication business?

Investor · Miami, FL · Member since 2020 · 48 posts · 25 votes

Hello.

I know Biggerpockets doesn't allow to post "looking for partner" posts, so would appreciate hearing from you experienced guy's how would you go about finding a suitable partner and how did you find your partner?


Would be happy to hear your feedback on how would you go about this if in my shoes?

Best and thank you!

Guy.

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  • Rental Property Investor · Coral Gables, FL · Member since 2016 · 199 posts · 266 votes
    5y

    @Guy Idan, I recommend attending any of the several in-person real estate investing conferences or local meetups, depending on your interests.  It is best to meet people and develop a relationship and a sense of their principles.  Get some referrals by asking investors, contractors, lenders, attorneys.  This is a business that attracts a lot of sharing and good folks, but also a few less than stellar people.  Do your due diligence on potential partners.  It is more important than finding deals.

    If your interest is in fix and flips, wholesaling, or small multifamily, local REIAs might work best.  For large multifamily, several of the name coaches and investors have conferences of 200-800+ once or twice a year each that are excellent for networking.

    Investors have multifamily meetups in cities all over the country, too.  Do a google search for "multifamily meetup" or similar search in your city.

    Good luck!

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    5y

    FYI: You can post requests for such partners in the marketplace. Otherwise, the best ways are to 1) talk to people you know who may have money, 2) be active on these forums and social media groups and the big one 3) network, network, network. Go to your local REIA group and other real estate investing, entrepreneurial groups and the like and talk to people about what you do and what you're looking for.

  • Rental Property Investor · Houston, TX · Member since 2019 · 184 posts · 147 votes
    5y

    This is my goal for next year. This year I am building my track record. So far I have put 3 properties under contract. Closing on the second one tomorrow and closing on my third one at the end of September. A total of 22 units in one year. Where are you located @Guy Idan?

  • Syndication Expert and Investor · Indianapolis, IN · Member since 2016 · 591 posts · 808 votes
    5y

    Definitely networking at meet ups or conferences. I was at Michael Blanks conference last week and there were dozens of people looking for partners, some capital raisers, some deal finders. 

  • Investor · Miami, FL · Member since 2020 · 48 posts · 25 votes
    5y

    Thanks for the valuable comments!

  • Indianapolis, IN · Member since 2021 · 193 posts · 150 votes
    5y

    @Guy Idan Building a network is huge, can do that by being at meet ups or conferences. I was at a  conference last week and there were tons of people looking for partners. Good luck! 

  • Benjamin AakerPro Member
    Rental Property Investor · Brandon, SD · Member since 2015 · 1k+ posts · 1k+ votes
    5y

    @Guy Idan also complete your Bigger Pockets profile. A lot of potential partners might miss you as they don't know where you are located. I found a great partner on BP who lives in the same area. We talked a while on the site and later had a meetup.

  • Investor · Miami, FL · Member since 2020 · 48 posts · 25 votes
    5y
    Originally posted by @Benjamin Aaker:

    @Guy Idan also complete your Bigger Pockets profile. A lot of potential partners might miss you as they don't know where you are located. I found a great partner on BP who lives in the same area. We talked a while on the site and later had a meetup.

    Great tip. Thank you.

    Thank you to all other comments as well

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