Looking for Multi family syndication expert for investment help

[Jeff Leonard]

Hey everyone- I am so very interested in multi family syndication - I read Hands off investor- very insightful- BUT being a novice I do not feel qualified to break down all the different multi family firms/websites and their myriad offerings.. does anyone know of a fee based or hourly rated multi family syndication advisor who can help guide beginners in everything from best deals, expectations, etc? I’m looking for someone who we can trust who has vetted hundreds of these deals and has a solid reputation in the multi family syndication community but is unbiased (ie it’s not their firm offering the deals)

Any help with a nam le or a firm etc would be appreciated 

[Stuart Udis]

You should first determine what is most important to you (tax treatment, hold period, cash flow etc.), as this is a personal preference and may differ depending on the individual. This allows you to narrow down on the syndications that are aligned with your objectives. From there you can vet those that are within the suitable parameters. I see many spend time vetting deals without any real direction. Once you narrow in on the syndications that are properly aligned you can vet the particular syndications. This means both the deal and the sponsor. For the sponsor you should be looking at the sponsors track record, are they investing in the deal personally or are they relying on a co-gp to fund their equity portion? (this can be a red flag, especially if the equity amount is small) also are they personally serving as the guarantor or are they paying a fee for someone else to serve in this capacity? It's important to understand the role the sponsor is playing. As for the deal itself, this means reviewing entitlements, banks financing approvals, the operating agreement etc.   There's a lot that goes into vetting a syndication and it's important to be thorough with your review. Furthermore a syndication that may be a good fit for one many not be a good fit for someone else.