All Forum Posts by: Matt Engle

@Joel S. Thanks for the vote. If you know what you need to know that is half the battle. As a beginner, you can find a good attorney who can answer any questions and walk you through the syndication process. It’s not as scary as it sounds.

@Chris Salerno Congrats on making it happen! It sounds like you learned a lot in the process and corrected your initial mistakes.

@Kirk Frickey it depends on what your goals are. Do you plan to own apartment buildings in the future? If so, you don’t want to waste your time on single family rentals. The two businesses are very different and owning and managing a single family rental does not equate to being able to own and operate apartment buildings. I started with single family homes but once I switched to apartment buildings I realized that I would have been better off having started with apartment investing from the beginning.

@Matt Huss I agree with what’s been said already. My opinion is to start with apartment buildings by studying the ins and outs of the business, networking and possibly partnering with an experienced operator to help you learn and build your track record. Apartment investing is a team sport.

@Dane Delatte if done correctly, you can put together a small syndication with money from friends and family. Analyze the deal as a syndication and see if the numbers still work out. Typical syndications give 30% equity to the sponsor (you) and 70% to the investors. You will need to understand the securities laws regulating syndication and an SEC attorney will need to prepare the proper documents.

@Justin G. I have not been in Michael’s coaching program, but every coaching program is different. The value of a program really depends on what your goals are. For instance, if you pay 25k for a coaching program and that gets you your first several deals with the pipeline and team for more, you would end up making way more than $25k down the road if you follow through. Another use of $25k to get started in this industry is to invest passively with a successful syndicator and learn from them while making some passive income.

@Frances Buerkens You want to know what their experience is working in the market and on the type of property you are targeting. Questions to gauge that experience will be a good place to start. Also, since you’re looking in Lexington, reach out to Alltrade Property Management. Josh Lindley is the lead guy there. They’re based out of Louisville and manage lots of properties in Lexington. They have been great for us and really know their stuff.

@Mitchell Pollard you will need to improve your deal pipeline. You can do that by building strong relationships with brokers who are listing the type of properties you’re looking for as well as going direct to owner when looking for leads. If you’ve raised as much as you say you have, you will also likely be able to partner with another operator who has the deal but not the money. Multifamily syndication is a team sport.

@Matan Yaakov Most cities have their own websites with this information. Other places you can look at, especially if you’re still deciding on a market, are bestplaces.net and city-data.com. Property managers that manage the type of property you’re looking at in your target area will know the area very well too.

@Matt Ward My opinion is that when people decide to first invest in real estate they are unaware of syndications and how they work so they invest in something that is attainable for them at the time. That’s how I first started in real estate until I learned the benefits and opportunities of syndications. Now we are fully focused on putting together and investing in apartment syndications.