Investors have several options to raise money for bigger investments. What is syndication, and why does it work so well? How do you determine which out of state market is right to invest in when you don’t live there? How can you find out if a market has the resilience to remain stable during a recession? On this episode, investor Andrew Cushman shares how he raises money through syndication and explains the details of the process.
Don’t wait to buy real estate. Buy real estate, and wait. -Andrew Cushman
- Syndication is basically pooling together people’s money so that you can share in a benefit that you otherwise wouldn’t be able to generate or receive separately.
- It’s tough to raise money if you’re unsure about how long you’re going to hold a property. You must have a specific plan.
- Look for economic drivers in the market that are recession-insulated. This could be universities, military, or medical centers.
Join our free Live Training: https://register.gotowebinar.com/register/181906883837141506
Partner with us: http://www.tomcafarella.com/p/partner-with-us.html
At the start of the show, we talked about why it’s so important to consider the laws of an out-of-state market as much as you consider the yield. Next, we talked about syndication and how it can be used to raise money for large scale property investments. We also covered how to determine if a market will make it through the recession.
We also discussed:
- How to determine where your first out-of-state property will be
- Why you have to give your investors a timeline
- Why vacation markets become risky during a downturn
If you can, buy a property that cashflows well and hold onto it for a while. This is especially true in multi-family properties. As long as you can cashflow, you can pretty much ride out anything. If you hold that real estate long enough, it will pay itself off. Invest with a plan, and you will come out well.