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- The Good: Start small and stay the course to achieve financial benefits
- The Bad: Inability to scale up quickly and purchase more apartments with own money
- Syndication: Pulling and raising money legally for a common goal to make profit
- Drawbacks: No track record, no bank loans, no money to buy properties
- Due Diligence Problems: Don’t cut corners; costs more and causes trouble
- What’s in the best interest for investors, residents, team members, and vendors?
- Communication: Personalized presentation and full disclosure of property/asset
- Happy Family: Monica and Neil equal Moneil brand to leave behind legacy wealth
- Syndicators must keep five plates spinning in the air:
- Build superb teams
- Build investor lists and relationships
- Understand underwriting and analyze deals
- Loan qualification
- Property takeover and management
- Passive Investing: Limit principals, request track records, and review criteria to buy
- Syndicator Succession Plan and Systems: What happens if…?
- Silver Tsunami: Shift to assisted living space to meet demographic demand