Leverage is the catapult that gives real estate investors the ability to buy more than they can afford with their own resources. One way to increase leverage and potential gains is through Multifamily Syndication.
Syndication can provide momentum unavailable to a single investor.
Joe Fairless is an experienced investor who has grown his portfolio to $54 million through syndication.
How to create a Multifamily Syndicate
Build anticipation with investors
Learn about what your potential investor goals are. Are they passive or active?
What do they expect. Once you determine their goals, ask them if they want to invest.
Get 30% more commitment than what you need, you are ready to find a property. Why do you need greater commitment than the deal calls for?
Identify the community and property parameters for your investment including:
Go find the property
Use all the resources available to you:
Obviously, this is a simplified explanation of what truly happens. In addition to what is listed there are several legal documents required in order to set up a syndicate.
Joe’s advice to anyone considering getting into syndication:
Get the knowledge
Get a mentor
Follow the Blueprint
“It’is a shark tank!”
For more go to joefairless.com.