Use a Real Estate Investment Syndicate to Break into the Real Estate Investment Market
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For the new real estate investor looking to break into the real estate investor market and make a name for themselves a real estate investment syndicate offers the best way forward, minimising exposure, solving the issue of cash flow and, at the same time, giving the opportunity to those who do not know anything about the real estate market but nevertheless wish to invest money in it, to dip a toe in the water without risking every penny they have.
Sounds too good to be true? Well, there is a catch, as usual, in that you need to first put the syndicate together which means you need to find the right group of people and convince them to put up a share each and then trust you to lead the deal in a way that will make money for everyone involved in it.
How to find these people and how to convince them to trust you is what I cover in detail in many of my courses, workshops and seminars. In short it comes down to the people skills you should have as part of your real estate investor skill set. While it is a little tricky it is not rocket science. Projecting a confident, professional air that is conducive to trust is partly what being a real estate investor is about so if you cannot yet achieve that you may not be quite ready for the part.
The good news is that provided you are prepared to put in a bit of work these are skills which almost anyone can learn.
Syndicate real estate investing is a ‘safe’ form of investing as it allows you and those who put up their money and agree for you to front them the luxury of playing the real estate market with a minimum of exposure in terms of the amount of money invested there. The returns on the other hand can be quite handsome meaning that your reputation will also grow along with your bank balance and you will soon find yourself inundated with real estate investors who want you to accept them in a real estate investment syndicate.
Before this very happy state of affairs occurs however you will need to prove yourself by closing a few initial deals.
Real estate investing as a career can be rewarding as well as satisfying. You do need to be able to pay attention to details, work well under pressure and be creative when called upon to do so. In return you will get a reputation that allows you to develop your own stream of clients and break away from the nine-to-five trap of working.
The challenge then will be to successfully manage the wealth you have and how to best balance quality of life with the greatest job in the world.
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