Taking down a $6.5 million real estate deal might seem like an unlikely feat for a rookie investor, but it’s not if you use other people’s money. When today’s guest had a large portfolio of multifamily properties fall into his lap, he exhausted all of his resources to bring it home—dodging multiple curveballs along the way!
In this episode of the "Real Estate Rookie" podcast, we’re diving into the world of syndication with investor Andrew Freed. Real estate syndications can be a great way to build a real estate portfolio without using much of your own money, but this investing strategy also requires careful planning and coordination. The biggest challenge for most investors? Raising capital. And that was certainly the case for Andrew, who only managed to scrounge up the funds he needed during the eleventh hour.
While you may not plan on tackling a multimillion-dollar syndication deal any time soon, there are several important lessons that every rookie investor can take away from Andrew’s latest deal. In this episode, you’ll learn how to find the BEST deals through local real estate meetups, how to raise a TON of capital by leveraging your own network, and how to bring a deal to potential investors!
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Show notes at:
00:00 Intro
01:03 69 Doors in 1 Deal?!
04:50 Finding the Deal & Forming Partnerships
12:50 Raising a HUGE Amount of Capital
24:16 Commercial Loans 101
33:20 Wrapping Up the Deal
43:13 CRUCIAL Lessons Learned
48:05 Connect with Andrew!
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By: Real Estate Rookie Title: $6.5M Real Estate Deal (69 Doors!) Using Other People’s Money Sourced From: www.youtube.com/watch?v=WRoL6q0tqM0
