All Forum Posts by: Amanda Gauthier

@Amanda Gauthier No course is going to to prepare you to syndicate real estate transactions. These courses teach you how to underwrite and "teach" you how to raise capital. I will apply your circumstances to how these course/mentorships unfold:

You will start raising capital and you will struggle because you have no track record. You will begin with your friends and family and they will dismiss you because they know your experience level and going from owning two SFH's to syndicating larger transacitions is not a normal progression. The 506(b) route didn't work and they are out. This is normally the low hanging fruit and when they dismisses you, you will turn your attention to raising from randoms spending more money on filing as a 506(c). You won't have success there either because track record and experince is still a problem. You will go back to the people who taught/mentored you and they will offer you a proposition: Find us deals or raise us capital for our deals and you can use our trackrecord. In return we will make you a co-gp and the next time you go to raise money you can promote yourself as a GP of this large syndication. Raising capital will come easier. That's the playbook and its incredibly deceptive.

Meanwhile the companies who are spearheading thesee courses and mentorship programs are being paid to train their future boots on the ground deal finders and capital raisers. Is that what you have in mind? I suspect the answer is no. Therefore my recommendation is to continue to grow your portfolio organically while learning the business through experience (the best way), be exposed to more sophisticated transactions by seeking employment from larger operators, or a 3rd which I didn't include in my earlier post which is to invest in  syndications/deals where access is offered and you can make a return on your money while learning. 

Hey!

If you're looking to scale quickly, mentorship might be the better route since it offers personalized, real-world insights. A course provides great foundational knowledge but lacks hands-on guidance. To find a mentor, network at events, on BiggerPockets or look for established syndicators.

For creative financing, explore methods like seller financing or partnering with other investors. And when you're ready for syndication, ensure you understand the legalities and capital-raising process thoroughly before diving in.

Both options have their merits, but mentorship will likely accelerate your growth!

Quote from @Amanda Gauthier:

Hey guys! I currently have 2 SFH in Ohio. One in Akron, one in Canton. I am currently looking for a duplex or fourplex that I will use private funds to purchase. I know that after this, in order to scale I will need to figure out creative financing and realistically want to do a syndication. I have read MB book, listen to his podcast and watched his videos. Is it worth it to do the course versus a mentorship? If you have used a mentor for the syndication process how did you find them? Any input appreciated!

Hi @Amanda Gauthier! Can you explain more as to why you believe a syndication is needed for you to scale? I have several clients with many more properties that have not syndicated. 

@Amanda Gauthier I can appreciate the desire to scale your business, but raising outside capital comes with a huge responsibility. There are few things in this industry I hate more than the syndication course/mentorship model. If you believe more experience is required before you can raise money then seek employment from a larger operator and/or continue to build your portfolio organically and learn the business. Pay a fee  to skip the line using disney lightning lane pass. Not for your GP badge.

CRPM is the best in akron.  Katie Middendorf and her team manage 750 plus doors.  I have an occupied rental i am trying to off to fund a renovation if anyone is interested-1072 bellows!

@Amanda Gauthier reach out to katie and tell her i sent you!

Quote from @Jack Smith:

Quote from @Amanda Gauthier:

I recently purchased a property through RTR and while I am happy with them, I am having a lot of issues with KS Yoak PM Company. Not only are they horrible at communication, a stove was stolen from the property when the tenants who weren't paying rent moved out. I was the one to catch it not them during the walk through. Does anyone have any recommendations for a different and better PM company in the area?

Theft is going to happen in this business, at least here and there.  No PM can stop something like what happened to you.  
I've personally known Steve Yoak for a number of years and both he & Kip have reputations as stand-up guys.  That said, they've gone through some huge growth over the last couple years and maybe they're having some growing pains?  Try to work through it with your PM or maybe request a different one?  Pickings are slim around here for good ones, and what makes a good PM for one LL isn't the same criteria as for another.  Just make sure the grass doesn't just look greener before jumping.  
If you need any local boots on the ground, let me know and I can assist, I'm in Akron daily.   

I did some reached and now work with Pikus Real Estate and Property Management. They have helped me find another investment property in the area and do the PM themselves. They are very professional, reliable and informative. I highly recommend them. 

I am just starting with KSY and it's not going amazingly.  I'm too old to remember to check for reviews before I leap, but at least I haven't yet lost a stove (on this one)... ;-)  While I wait for delayed communication from them, I am looking for alternate management in the Canton area.  Did you find a reputable management company that you would recommend?  Thanks!