Raising Private Money - Syndication

[Eli Mills]

If I needed funds for a small multi-family real estate, in which I was doing a seller's finance agreement annnnddd was getting private funds from a couple of people I know, would the syndication process apply to this? or is a syndication just for when you're doing larger deals - i.e. a multimillion dollar apartment building?

[Theo Hicks]

The costs of syndication typically don't make sense on smaller deals (10 to 20 units and below). As others have said, JV would be the ideal structure, which means that the investors would need to have a defined, ongoing, active role in the project.