All Forum Posts by: Cameron Miller

@Andy Deyto Why did you decide on multifamily? So many unique syndications beyond multifamily like parking lots, retail, medical office, campgrounds. You really have to sift through the dozens of multifamily operators to find the ones who really know how to underwrite properly. 

I invested and then also worked for one for a few years and I would say I was very impressed with the behind the scenes but also let down. In my opinion most sponsors don't show their true value to the deal for the investors and explain through their payout structures well enough. Getting to see and then putting together all the numbers there is so much that goes into it and explaining it to fellow sponsors is pretty easy but no one really communicates it the investors well. 

If you are just starting out, I would recommend reading "The Hands Off Investor" by @Brian Burke.  It's a great introduction to this type of investing and gives you in-depth strategies for finding quality operators.

I would also recommend joining a Community that specializes in real estate syndications.  These are long term, illiquid investments that are completely out of your control.  The most important part is finding the right operator as they will manage the entire deal for you and the other investors.  A Community can be a huge benefit in finding those partners, as well as providing you with like-minded people who are looking to do the same thing as you.

Good luck!!