I wanted to create a thread where Fastlaners could share their experiences (successes/failures) with creating a real estate syndicate. Since this topic is not written about extensively, I also think it would be wise if we could share the different sources of information we collect regarding this topic.
I am primarily interested in real estate syndicates because I have relatively low startup money but I still have the determination to get involved in larger scale multi-family investments. It seems the best alternative to a syndicate would be to begin with a smaller multi-family investment and then utilizing value-play strategies to "trade-up" to a larger investment. However, a syndicate would create more leverage and most likely accomplish more in a shorter period of time.
I'd like to kick this thread off by asking a few questions to those who have some experience.
1.) Since there are numerous laws limiting the advertisement of investment proposals, how did you find the partners that you ended up working with?
2.) How much experience did you have with REI when you created your syndicate?
3.) What were the basic terms of your agreement (management fees, etc.)?
I am primarily interested in real estate syndicates because I have relatively low startup money but I still have the determination to get involved in larger scale multi-family investments. It seems the best alternative to a syndicate would be to begin with a smaller multi-family investment and then utilizing value-play strategies to "trade-up" to a larger investment. However, a syndicate would create more leverage and most likely accomplish more in a shorter period of time.
I'd like to kick this thread off by asking a few questions to those who have some experience.
1.) Since there are numerous laws limiting the advertisement of investment proposals, how did you find the partners that you ended up working with?
2.) How much experience did you have with REI when you created your syndicate?
3.) What were the basic terms of your agreement (management fees, etc.)?
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