Learning about syndication
27 Replies
Scott Shrider
Contractor from Niles, MI
posted about 1 year ago
What source have u guys found to be the best for learning about setting up and executing syndications?
Paul Moore
Investor from Lynchburg, VA
replied about 1 year ago
Hi @Scott Shrider . There is a great syndication event put on by The Real Estate Guys (guests on BP Podcast this past summer). Their next event is in late March 2020. There is also a book by attorney, Gene Trowbridge, on this topic. Make sure you get the latest edition. Then there are mentoring programs like the one I went through with 37th Parallel. They can be pricey but worth it.
What are you looking to syndicate?
Daniel Infante
Investor from Dayton, OH
replied about 1 year ago
@Paul Moore what is the name of that book?
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Thank you Paul!
I have been going thru different podcasts and looking online. I have recently come across RE guys thro looking into senior living education. Thank u!!
I am developing my focus from a desire to work in the senior living market (asset class). I do also have interest in developing into apartments...related or unrelated to senior living.
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Hey Daniel... I looked it up.. I believe the one paul mentioned is.... it's a whole new business..the how to book of syndicated investment real estate.
I also came across his company crowdfunding lawyers.net
Daniel Infante
Investor from Dayton, OH
replied about 1 year ago
@Scott Shrider thanks!
Frank Patalano
Rental Property Investor from East Providence, RI
replied about 1 year ago
Originally posted by @Paul Moore :Hi @Scott Shrider . There is a great syndication event put on by The Real Estate Guys (guests on BP Podcast this past summer). Their next event is in late March 2020. There is also a book by attorney, Gene Trowbridge, on this topic. Make sure you get the latest edition. Then there are mentoring programs like the one I went through with 37th Parallel. They can be pricey but worth it.
What are you looking to syndicate?
Thanks for that recommendation. I've never heard of them.
Frank Patalano
Rental Property Investor from East Providence, RI
replied about 1 year ago
Originally posted by @Scott Shrider :What source have u guys found to be the best for learning about setting up and executing syndications?
There are quite a few education based syndicators.
Rod Khleif
Brad Sumrok
The Lindahl Group
Joe Fairless
Jake and Gino
etc.
Just about all of them have podcasts.
The go to book on Syndications was written by Joe Fairless.
We've invested in 5 deals as an LP and 1 deal as a GP in 2019.
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Thank you!
I just recently seen joe fairless on YouTube videos.
I will look up the others also.. your input is appreciated!
I am researching upcoming events..conventions, seminars etc. Looks like a few r coming between now and march
Adriel Hsu
Investor from Beaumont, TX
replied about 1 year ago
@Scott Shrider Joe Fairless' book called Best Ever Apartment Syndication Book is a great starting book to learn all the aspects at a high level.
Frank Patalano
Rental Property Investor from East Providence, RI
replied about 1 year ago
Originally posted by @Scott Shrider :@Frank Patalano
Thank you!
I just recently seen joe fairless on YouTube videos.
I will look up the others also.. your input is appreciated!
I am researching upcoming events..conventions, seminars etc. Looks like a few r coming between now and march
Well you'll probably see me at a few.
I have a discount code for Rod for his January events. We just recorded him for our podcast.
best ever is in February.
I'll be at a conference in the Carolinas in March.
ultimate partnering is in July or August
raising money Summit is in October
there are others. We can't make all of them.
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Thank u.. I am actually going to order that one today
Todd Dexheimer
Rental Property Investor from St. Paul, MN
replied about 1 year ago
Principles of Real Estate Syndication by Samuel Freshman is really good
Also it’s a Whole New Business by Gene Trowbridge
The Northstar Real Estate Conference in April in Minneapolis will have quite a few speakers talking about syndication
Paul Moore
Investor from Lynchburg, VA
replied about 1 year ago
@Scott Shrider . You’ve got some great replies here. You may also want to check out The Real Estate Syndication Podcast with @Whitney Sewell .
Senior living is a growing area that my firm is exploring now.
Steve K.
from Honolulu, HI
replied about 1 year ago
here are the basics of apartment syndications...
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
I will definitely let u know the one I will attend and see if we can meet. It's nice going not completely blind
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Yes it's great to see the input. This is first time I have used the discussions this week.
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Alina Trigub
Rental Property Investor from Glen Rock, NJ
replied about 1 year ago
While you already got a ton of great feedback on the books, events and podcasts on syndication, ALF and/or MC, and Healthcare in general is a unique asset class and requires an operator to work on the business and be involved. Not sure if you have experience with it, but I'd consider educating yourself on the space as well and checking out the requirements for your state of choice to install or buy such facilitates.
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Thank u! I agree.. I am only going to interact in parts of the operation. I will be partnering with a local operator. However I am educating myself as if I would be operating.
Luis Vaca
from Oxnard, California
replied about 1 year ago
Hey Scott, I usually watch the videos from Commercial Property Advisors on Youtube and they are a goldmine of free information. The gentleman that does the videos does little charts for the viewers to see that is pretty helpful.
Gathering information from different experts is what's probably best.
Scott Shrider
Contractor from Niles, MI
replied about 1 year ago
Taylor L.
Real Estate Syndicator from Richmond, VA
replied about 1 year ago
Many great answers here already and I would agree with all of them. I would also add investing in deals passively is a great way to learn. I went through most of the above steps (reading books, conferences, podcasts, YouTube videos, hiring mentors, etc) and learned a few additional things by making my first passive investment.
The experience of being an investor is valuable because you can find out what you like and don't like about the process. Additionally, the sponsor may be willing to talk with you a bit more about their business (i.e. free-ish mentoring)
John Fortes
Multi-Family Syndicator from Brockton, MA
replied about 1 year ago
Fundamentals to learning the syndication process:
- Read books
- Listen to podcasts
- Attend conferences
- Invest passively in a deal (learn the process of vetting the sponsors is highly important in this step)
- Hire a mentor
- Implement what you learned in baby steps but have a plan
Hope this helps and happy investing!