All Forum Posts by: Account Closed

@Salome D. Finding a good group that has all of the characteristics you mentioned above is probably the fastest and easiest way.  I'm a part of Think Multifamily and there are plenty of syndicators in the group with a lot of experience.  They're planning an event for passive investors in Southern California in the first quarter- you may look at their website and get on their mailing list. 

@Brett Richardson I can certainly give you some insight.  We believe in mentorship and have no problem paying for it if our expectations are met and the group or guru follows through with what we were promised and paid for.  One group did not deliver on what they promised- not even close, and we wasted quite a bit of money.  But fortunately we found someone who has over-delivered on what they promised us in mentorship and it's the best money we've ever spent.  Whoever you choose, make sure that you do your due diligence on their character.  There are key questions you'll need to ask about the group, the process, and of course verify their response with students.  Feel free to reach out, happy to help however I can. 

@Ben Feder  You've got some great explanations on here so I won't dive into what a syndication is, but wanted to let you know that I was in the same boat when I first started looking at Multifamily investing.  We were looking at 6-10 units to start out and actually bought a brownstone in Chicago.  We quickly realized that we weren't able to "go big" quickly by sinking a lot of our capital into these smaller properties.  We did quite a bit of research and discovered syndication- found a mentor (Mark Kenney) and we're closing in a couple of weeks on our first deal- 173 units. It is certainly a team sport and finding the right people with the right skill sets is crucial to your success.  We could not have done it without Mark and other key players in our group who came on board to help raise capital, analyze the deal, sign on the loan, etc.  Happy to chat if you have more questions! Send me a PM.  Hope this is helpful.  

@Scott Blackwill Have you considered pursuing syndication before jumping in as a passive? It may feel like putting the cart before the horse, but it's possible to learn syndication without having been a passive investor...you just need the right mentor/coach.  I do agree that it would be great to learn how to analyze the properties as a passive...but you could also save your cash to invest in your own syndication.  It's certainly a team sport so as long as you're surrounded by the right people to take down a big property, you can jump right in.  There are a few people in the mentorship group that I'm in who started learning syndication while they were working and are over 1000+ units now- one who has done well enough to quit his job at 27 years old and a few others that are well on their way.  We've never passively invested in someone else's deal, but we are investing in our own syndication right now- about to close soon on 173 units.  Again- it's all about finding someone who has done it successfully and following in their footsteps. Good luck in whichever you pursue- I'm sure you'll do great! Feel free to reach out directly if you have any questions or need further insight. 

@Greg Dickerson @Alina Trigub

@Alina Trigub

Hey everyone! I am a multifamily syndicator and looking for out of the box ideas on raising capital and filling the top of the funnel.  My background and profession is sales so I'm great at talking to people and turning networking conversations into 1st meetings and eventually investors... but what I'm hoping for are some non-traditional ideas and best practices on non-real estate events/groups to find accredited (and non-accredited) investors.  There are numerous real estate events and conferences to attend- but what I've found is that everyone is fishing in the same pond. Who has some out of the box ideas? Open to anything...let's learn from each other! Thanks in advance :) 

@Anthony Ampaipitakwong Depends on the types of returns you're looking for... the DFW area is getting pretty expensive.  We've found success in other Texas markets like Lubbock, Amarillo, and Waco.  

@Scott Passman Great question...we started a few years ago looking into multifamily and joined a coaching group that was doing smaller units- we ended up buying a brownstone in Chicago.  We had aspirations of owning a few hundred units (and this brownstone was the first 7) but quickly realized that it would take much longer to get there and required a ton of capital.  My father started researching how to buy apartment buildings and we came across the concept of syndication (and joined a coach/mastermind group).  Our goal now is 1000 unit/year run rate...easier to accomplish when you've got a team of people dedicated to specific roles and great investors to help fund the deal.  

@Ronnie Howard happy to help! You're right about it feeling a bit intimidating...but that's also why few have the guts to do it.  You've got what it takes...find a good mentor and dive in! :) 

@Ronnie Howard Fellow Texan here :) Highly recommend the Think Multifamily FIRE Summit - they just had the Fall Summit and they're doing another one this spring.  We attended twice and then joined their inner circle/mastermind group, best investment we've ever made.  We were new to the syndication world- can be a bit daunting to do your first deal but within 4 months of joining them we're under contract on 173 units.  DM me if you have any questions- happy to help!