EP 229: MINISODE Evaluating A Syndicator Like A Pro

biggerpockets entrepreneur investher investing investor realestate womeninconstruction womeninfinances womeninrealestate Jan 27, 2022

Welcome to your 10-minute guide to getting one step closer to financial freedom! In this episode, we want to take a look at an important scenario for your investing: 

How do you go about evaluating syndicators like an expert? 

For over 16 years, vetting syndicators has played a major role in our business strategy.

So I want to break down a bit of my experience and expertise here and give you the most important questions to ask yourself and your syndicators, as well as some hard to find tips you can go out and apply right away.

Get engaged, jump right into the conversation, and let’s look at how to evaluate a syndicator like a PRO! 

  

Quotes

• “You can't skirt the team and just get so focused on the project or the deal of the returns, quite honestly. Because every deal has challenges.” (3:29 - 3:34)

• “What's really important is that you're investing with people that you trust, you like, and respect and that you've vetted.” (3:54 - 4:00)

• “The kinds of questions you should be asking syndicators you're evaluating is understanding what their goals are as a syndicator.” (4:07 - 4:14)

• “Large Multi is a team sport, so I want to know from that syndicator… what does their internal and their external team look like?” (6:11 - 6:24)

• “So if I was vetting someone who could be doubling their portfolio - big question I would have is, are you training asset management? Huge part of a syndicator!” (8:16 - 8:26)

• “What has been this operator’s/syndicator’s past performance on projects? What projects have worked well? What projects have not gone well?” (9:17 - 9:26)

 

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