syndication

Over the past four years, Jay Gajavelli built a real-estate empire using funds from small investors who wanted to make passive income. Last year, Gajavelli’s company owned more than 7,000 apartments in the Houston area. Now he’s at the center of one of the biggest commercial real-estate blowups in years. WSJ’s Will Parker details what happened and what it says about the housing market going forward. Further Reading: - A Housing Bust Comes for Thousands of Small-Time Investors  Further Listening: - How High Will Interest Rates Go?  Learn more about your ad choices. Visit megaphone.fm/adchoices

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On today’s show, a married couple who scaled to 5,000 units together! Brandon and David interview Mark and Tamiel Kenney, a husband and wife team who buy large apartment complexes through the power of syndication. This mighty couple shares some great insight into how to find the right partner, how to set expectations with your agent (or team member) in the beginning, and how coming up with strict criteria helped them overcome their fear of getting started. You’ll love their advice on what they learned in the first 12 months to help them land their first deal, how they split profits with investors, and which are the most important fundamentals for any multifamily investor to learn. You DO NOT want to miss their advice on following up after meeting with brokers or investors. Plus, they reveal the most common trait successful syndicators share. Mark and Tamiel go on to share how they’ve struggled with—and overcome—the difficulties of balancing a demanding business while still carving out valuable family time. Don’t miss this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next! In This Episode We Cover: - What to look for in partners - How to have conversations with brokers and managers to set expectations - What they learned in their first year that allowed them to land their first big deal - The importance of strict criteria - Mistakes they made that prevented them from being successful - How they find deals their investors will want to invest in - How to provide clarity to help investors feel comfortable moving forward - How to use social media to build your database of partners, investors, and brokers - Advice for standing out from other buyers when interacting with brokers - How they split up the various tasks of their business - How a typical syndication split looks in their deals - What success looks like in their family and business - Why learning the fundamentals is more important than complicating your business - And SO much more! Links from the Show: BiggerPockets Forums BiggerPockets Webinar Monkeypod Kitchen Pacific North West Real Estate Wealth Expo BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Zillow Linkedin Brandon's Instagram Josh's Instagram Click here to listen on Biggerpockets: https://www.biggerpockets.com/show347 Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you tired of sharing your very best ideas for potential clients and having nothing to show for it? Worse, they take those ideas then hire some other copywriter, marketing agency, or business development consultant. Here’s how to stop doing work on specification and start profiting from this powerful syndication model. https://www.adbriefing.co.uk/

Many people have dreams of owning large multifamily properties—but fail to get beyond small deals. Not today’s guest! Today, we sit down with Bruce Petersen, an investor from the Austin, TX area who started with a 48-unit syndication deal and hasn’t looked back! Bruce has some incredible stories and lessons from his time in the business, so if you ever plan to buy an apartment complex, this is one episode you need to pay close attention to! In This Episode We Cover: Bruce’s background What a syndicator does Why he started out with a 48-unit deal Why it’s easier to handle a property with more units The “deal triangle“ Tips for hosting a meet-up The class system of properties When to upgrade a unit What exactly a preferred return is How syndicating really works How he included his daughters in the deal How he finds deals And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Events Brandon’s Twitter Profile Mindy’s Twitter Profile Loopnet Resman BiggerPockets Webinars Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Jab, Jab, Jab, Right Hook by Gary V. Fire Round Questions How do I vet a Syndication company? Syndicating CRE and having a real estate license Should I do a syndication? Is it standard practice for sellers of multi-family units to withhold P & L and other financial data until an offer is made? Tweetable Topics: “Don’t ever pay off a piece of real estate ever. Not even your personal residence.” (Tweet This!) “I’ve always syndicated everything.” (Tweet This!) Connect with Bruce Bruce’s BiggerPockets Profile Bruce’s Website Bruce’s Email Learn more about your ad choices. Visit megaphone.fm/adchoices

A lot of investors love to talk about the good times. But for life-long real estate investors, failure is often inevitable, especially during real estate crashes. That’s why we’re excited to bring you this discussion with Kathy Fettke today on the BiggerPockets Podcast. Kathy started her journey toward financial independence after receiving shocking news from a doctor, but used that motivation to begin investing. Alongside her husband, Kathy built up an impressive portfolio but struggled during the latest real estate crash. Still, she was able to emerge (and thrive) from the lessons learned. Today, Kathy shares how to avoid the mistakes that led to her difficult times! She also shares insight into buying real estate at a distance and handling the problems that can arise from long-distance landlording. In This Episode We Cover: The story behind the radio show How Kathy landed her first deal without money down How she converted single family units to multifamilies A discussion on FHA loans and house hacking Key pieces of Robert Kiyosaki’s advice Tips on buying from a distance and using property managers What you should know about finding the right agents, CPAs, and property managers What happened when Kathy got “too confident” The important lessons she learned after the collapse What metrics to look for in a market What it takes to come up with $3 million in five minutes And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Hard Money Lenders Robert Kiyosaki Real Property Management Books Mentioned in this Show Set for Life by Scott Trench Extreme Success by Rich Fettke Retire Rich with Rentals by Kathy Fettke The Millionaire Next Door by Thomas J. Stanley Priceless by William Poundstone The Da Vinci Code by Dan Brown Wealth Can’t Wait by David Osborn Augmented by Brett King Tweetable Topics: “The hardest times in our lives tend to be the times when we have to dig deep.” (Tweet This!) “Any time you get in front of the path of progress, you’re going to make money.” (Tweet This!) “If you can’t buy this car with cash, you shouldn’t have it.” (Tweet This!) Connect with Kathy Kathy’s Company Kathy’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

On this inspiring episode of the BiggerPockets Podcast, we sit down with real estate entrepreneur Andrew Cushman to learn how he went from a full-time job as a chemical engineer to a house flipper and finally a real estate syndicator, buying over 1400 units in less than a decade. You’ll learn how Andrew finds deals, manages the rehabs on a large scale, raises money for large apartment purchases, and more. Don’t miss a moment of this powerful show! In This Episode We Cover: How Andrew started as a chemical engineer — then got into investing Why he trusted his mentor from the outset How many flips he has done so far Tips for scaling from 0 to 24 flips in 5 years The details of his first flip A discussion on buying pre-foreclosure properties The story of making 4,575 phone calls before getting his first deal The importance of believing in yourself and believing in the system How Andrew has flipped 24 properties and 1,470 apartments How he made money on the first flip How to scale by building a system How to find pre-foreclosed deals The best flip he’s ever completed Tips on weird houses His first apartment deal Why he doesn’t recommend a heavily distressed deal The difference between single family and multifamily properties How to become a “sophisticated investor“ How he find apartment deals And SO much more! Links from the Show Webby Awards Bloomberg DowJones HarvardBusiness Wired Forbes CNN Money BiggerPockets Calculators Foreclosure.com PropertyRadar Realtytrac How to Buy a Foreclosure : The Comprehensive Guide to Buying a Foreclosed Home General Foreclosure & Pre-Foreclosure Forums BRRRR Strategy GoBundance BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BP Podcast 166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison BP Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene 1 Life Fully Lived Organization Slack Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The One Thing by Gary Keller and Jay Papasan The E-Myth Revisited by Michael E. Gerber Emerging Real Estate Markets by David Lindahl Multi-Family Millions by David Lindahl Start with NO by Jim Camp Tweetable Topics: “This system will work so I’m going to make it work.” (Tweet This!) Connect with Andrew Andrew’s BiggerPockets Profile Andrew’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices