Learning about syndication

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Paul MoorePro Member
Commercial Real Estate Fund Manager · Lynchburg, VA · Member since 2015 · 1k+ posts · 1k+ votes
6y

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?  

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  • Paul MoorePro Member
    Commercial Real Estate Fund Manager · Lynchburg, VA · Member since 2015 · 1k+ posts · 1k+ votes
    6y

    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?  

  • Investor · Dayton, OH · Member since 2019 · 28 posts · 5 votes
    6y

    @Paul Moore what is the name of that book?

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Paul Moore

    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.

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Daniel Infante

    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

  • Investor · Dayton, OH · Member since 2019 · 28 posts · 5 votes
    6y

    @Scott Shrider thanks!

  • Rental Property Investor · East Providence, RI · Member since 2018 · 1k+ posts · 1k+ votes
    6y
    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.

  • Rental Property Investor · East Providence, RI · Member since 2018 · 1k+ posts · 1k+ votes
    6y
    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.

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @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

  • Investor · Beaumont, TX · Member since 2016 · 171 posts · 277 votes
    6y

    @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.

  • Rental Property Investor · East Providence, RI · Member since 2018 · 1k+ posts · 1k+ votes
    6y
    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.

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Adriel Hsu

    Thank u.. I am actually going to order that one today

  • Rental Property Investor · St. Paul, MN · Member since 2016 · 3k+ posts · 3k+ votes
    6y

    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 MoorePro Member
    Commercial Real Estate Fund Manager · Lynchburg, VA · Member since 2015 · 1k+ posts · 1k+ votes
    6y

    @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. 

  • Honolulu, HI · Member since 2017 · 247 posts · 315 votes
    6y

    here are the basics of apartment syndications...

    https://joefairless.com/passiv...

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Frank Patalano

    I will definitely let u know the one I will attend and see if we can meet. It's nice going not completely blind

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Todd Dexheimer

    Thanks Todd

    I will look that up tonight

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Paul Moore

    Yes it's great to see the input. This is first time I have used the discussions this week.

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Steve K.

    Aloha Steve!

    I will check out the link this evening!

    Mahalo 😁

  • Rental Property Investor · Glen Rock, NJ · Member since 2015 · 3k+ posts · 2k+ votes
    6y

    @Scott Shrider

    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. 

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Alina Trigub

    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.

  • Specialist · Oxnard, CA · Member since 2018 · 92 posts · 32 votes
    6y

    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. 

  • Contractor · Niles, MI · Member since 2013 · 12 posts · 3 votes
    6y

    @Luis Vaca

    I will check them out! I have not heard of them yet

    Thank u!

  • Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
    6y

    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 FortesPro Member
    Multi-Family Syndicator · Abington, MA · Member since 2017 · 603 posts · 347 votes
    6y

    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!

  • Eastlake, OH · Member since 2019 · 8 posts · 11 votes
    6y

    Multifamily Podcasts that I find very good:


    Apartment Building Investing with Michael Blank

    Real Estate Investing for Cash Flow with Kevin Bupp (more geared towards Mobile Home Parks)

    Multifamily Investor Nation with Dan Handford

    Bulletproof Cashflow with Augistino Pintus

    Marketing Content:

    Multifamily Marketing with John Casmon (Different spin)

    I am also in my beginning stages after investing in small Multifamily.  Enjoy the journey, hope this helps.

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