Best Syndication Structure?

[Zander Kempf]

I have a couple of investors looking for long term residential rental investing and I would like to syndicate a handful of properties. I am struggling with a way to come up with the best structure for the deals so that multiple investors can be involved while one of them backs the mortgage. These are non-accredited, friends and family investors. What structures have worked well for you in the past? (LLC, LLP, preferred returns to mortgage backer, amount of equity for syndicator to keep etc.)

[Alina Trigub]

@Zander Kempf

Depending on the size of the transaction(s) you may want to consider offering these investors an interest and borrow the funds as a loan with a property/ies as collateral.  

Also, I suggest you speak with a local RE attorney to get an advice from them on the best structure for your venture.