Syndication Help?

[Nik Divakaruni]

Hi all,

I'm putting together my first large syndicated deal - and I was wondering if there's anyone locally here in San Francisco/Oakland area that would be willing to meet with me and discuss over coffee/dinner, and critique/give tips to my model?

Happy to cover dinner/coffee for some good expertise.  Please let me know if you're interested!

Thanks

Nik

[Nik Divakaruni]

All, apologies. I've been very inactive on BP over the last few months.

Long story short, I ended up syndicating the deal, but took F&F money, so my promised returns were a little more modest than I would have had to offer a more sophisticated investor.

We purchased 40 units in Pittsburgh, PA (my hometown).  So far, typical speed bumps with early stages of apartment ownership (transfer of management, cleaning out bad tenants, etc.)  We have decreased expenses and increased rents 3% already, so all on the up and up.

Thanks for the tip on the local meetup.  I will definitely plan on attending.  If anyone wants to circle back around syndication, I'd love to chat.  I still don't think my model is sound, and as I move into the next phase of getting bigger money, I would like to have a better understanding of what returns need to be, where to add the value, and why someone would go with me vs. another investor.

Anyone that wants to chat on that, please reach out directly and let's set up some time to talk on the phone.

Best,

Nik