All Forum Posts by: William Costello

Hi @Bhushan Walde congratulations on making the jump to multifamily, have you ever thought about syndication instead of going in solo with a multifamily project? It is a great way to get involved in a multifamily project on the larger scale that one may not be able to do alone without having to do all the heavy lifting. If you have any questions please let me know. Thanks 

@Phillip Webb thank you for your service, but definitely listening to podcasts and reading books about real estate are a great start. Have you ever thought about syndication? It is a great way to get started in real estate without having to do a ton of heavy lifting and be involved in a project especially in the larger multifamily projects. 

@Marat Shvartsman heard the Rochester market is fairly stable and affordable for being in New York

@Rick Martin it varies from deal to deal, also depends on the sponsor but probably 7%-8%

@Toni Dixon  investing in the surrounding suburbs would be a great idea with rental properties as well as investing in student housing for local schools and universities. Have you thought about syndication ever particularly in the Midwest? 

@Masood Amin it’s essentially a partnership of multiple investors who pool their resources together

to pursue an endeavor that they themselves could not, or would prefer not to do themselves.

There is a Sponsor or General Partner for the project, who is the active

investor puts the deal together and is responsible for executing the business plan, and then

there is a group of passive investors, the Limited Partners, who contribute capital in exchange

for equity in the project.

@Masood Amin have you thought about syndication before?

@Jeffrey Donis all great points! The books and podcasts are great educational tools that help you learn the industry quick

@Masood Amin partnering with someone could be a great option for you especially if you are newer to the industry. In addition, a HML but they do charge. When partnering with someone make sure you build a relationship first because end of the day it is not just about the property, it is about the partnership.

@Matthew Russell congratulations on getting started. I agree, joining as an LP from a syndication group would be a great start but remember to find the best relationship for you and not just the perfect project or property. In addition, networking amongst family and friends can be great too along with people on LinkedIn. Good luck!