All Forum Posts by: Brock Mogensen

Depends on the banks policy and how the legal structure is set up. The 20% rule is common with local banks but I've seen exceptions made. True ownership in a syndication is generally calculated based on Class A/Class B share value. 

I'd say it depends on what your long term goal is in real estate.

If you are okay with being more actively involved, building a portfolio of multifamily in Milwaukee with the assistance of the property manager can be a good idea. That being said, you will still need to be actively involved in finding deals and overseeing the property manager.

If you are looking to build something more passive to focus on your current business, investing in syndications or funds as a limited partner can be an option as well.

 Yessir!  Appreciate it and glad you enjoyed it

Of the two options, the syndication deal

I can't imagine buying a property that does not cashflow or at least have a path to good cashflow.

That being said, I suggest connecting with several other experience syndicator groups and doing your due diligence before choosing a group to invest with. With the information presented - 18% annually over a two-year period sounds fishy.

Lots of the right questions for setting up your first syndication deal.

There are tons of ways to structure these deals, so it really comes down to what the deal supports and your investors are willing to "pay".  

I suggest familiarizing yourself with how to underwrite and structure deals from a syndicated perspective..much different than a traditional acquisition.

I'll send you a DM with some ideas.

Really depends on how involved you want to be in the portfolio. Certain asset classes and strategies are more passive than others.

Small multifamily in B-class markets can be a great strategy. However, these are the deals everyone is looking for and will take lots of searching to find one that makes sense. But a great asset class.

You can look at NNN properties. Which are much more hands off. But need to learn the fundamentals of how these deals work, as it is different than multifamily.

Or there is a completely passive approach like investing syndication deals as an LP.

If you're looking to be more passive/hands-off, investing in syndications as an LP could be a good option. But if you're wanting to spend the time finding deals and learning the market, plenty of creative ways to structure deals to use that capital on something larger.

Tons of great mentor programs out there! The guarantee in 4 months seems a little off but I like the VA support system you mentioned. Deal flow is tough right now, so I would aim more at 6-12 months to close your first syndication deal. That being said, I'm always an advocate for paying for mentorship to fast track your goals.

Raising money requires a great network of people that know and trust you plus a compelling offer. Build up your network and craft a pitch deck for the deal.

Easiest path is finding a KP that already knows and trusts you, who checks all those boxes. However, there are other ways to find KP's. I'll send you a DM with some ideas.