Updated about 4 years ago on .
Our first syndication deal
Investment Info:
Other other investment.
Purchase price: $78,000,000
Cash invested: $50,000
The apartment complex is a multifamily property with 344 units built in 2002. We are renovating the interiors of the units while also add new amenities for the tenants.
What made you interested in investing in this type of deal?
The idea of being apart of a large multifamily deal was very appealing.
How did you find this deal and how did you negotiate it?
I belong to the Real Estate Investment Goddesses group which afforded me the opportunity to learn about available syndication deals.
How did you finance this deal?
We utilized funds saved for real estate investing. My husband and I save every month so we can continue to invest in real estate opportunities.
What was the outcome?
We are currently receiving payments each month. The plan is to sell the property in five years or refinance the deal.
Lessons learned? Challenges?
It was intimidating at first but once I did the research and learned about syndication I was comfortable investing our funds.