All Forum Posts by: Mike Lowery

Hey Kollin! 

Welcome to Milwaukee! As Marcus stated, you are light years ahead of the majority of us, who shoulda/coulda/woulda started as soon as possible! I wish you the best of luck in your networking and house hacking endevaors and if you need anything, this is a great place, with knowledgeable market insight from talented individuals!

I have utilized my experience as a firefighter in the city of Milwaukee and investor to come up with a document that gives a brief outline of what to expect within every neighborhood of the city. I would be more than happy to share it with you, just send me a DM to connect!

 I have access to this. What exactly are you looking for? Please DM me to chat further!

Excellent job!

@Joshua Morency as the other comments have stated, reach out to a lender in the market where you are looking to syndicate. That should give you the information to get started. If they require a personal gurantee, what the rate and term will be, etc. If they require a personal guarantee and you do not feel like your current financial situation is adequate, then perhaps you network throughout the process of building your investor list and see if you can JV with an investor who would guarantee the loan. Obviously this can get tricky and you can give up a lot of equity to get the deal done, but it solves the problem.

@Jeffrey Donis is a young (in age) syndicator who could provide you more valuable advice if needed!

Congratulations and welcome to the world of REI! Check out the Brew City meetup and the AASEW meetup. Both are great sources of knowlegde, information and networking within the Metro Milwaukee area. I would love to hear what your plans are for your next deal!

How does this work if you already are in the process of, or have created a website?

@Chris Seveney

I love this idea! If you don’t find the money and return it to investors, wouldn’t that hurt your potential to raise capital when you find a deal? I’m essence lowering your credibility? I guess you could combat that by explaining that it’s extremely hard to find deals within your specific target market and returns for investors.

@Brian Adams

As always, thank you for the input. I kinda figured this was the case.

Hello BP!

I’ve been working towards starting my syndication business from scratch. I have a developer working on a website and have generated interest with potential investors through communication with friends, co-workers and family. I have analyzed several deals and have some good potential leads.

The question I have is this: What should I focus on first? Commitment from investors without deals in hand, or deals that I could make work, find my niche and then prospect for investors?

I feel like this is a ‘chicken/egg’ scenario of what comes first as there is logic behind both.

Thanks in advance!