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Updated almost 3 years ago on . Most recent reply

Building a team or going solo
I'm gearing up and keeping powder dry to utilize in the near future if the market keeps softening and welcome any information/opinions. Thanks in advance.
Most Popular Reply

why would I syndicate on a 350 unit and get a small split instead of investing myself on a smaller deal?
because real estate is a team sport. if it took me 5 months to close a 350 unit with a team, helping all my investors, helping all team members and developing an awesome community. I can rinse and repeat the process again and again and again while developing friendships and partnerships and contributing to the community at scale.
now, why would I do a small deal myself? and rely 100% on my own capital, my own credit score, my own experience to get the loan, my own liquidity to qualify? then be tied up with one deal till i can save up enough for a second deal. then a third. then a fourth. how long will that take?
in order to tackle the beast that is large multifamily, the bank requires a lot of experience, liquid capital and overall networth. what if I don't have that?
I hope you're seeing the difference and im not just blabbing,lol.