After looking at different investment vehicles, many investors who hold high paying jobs or run successful businesses, choose to invest alongside a syndicator. If you are one of those investors, you probably had to find syndicators you can work with. There are many places where you can meet syndicators – some will allow you to meet them face-to-face and some will enable you to meet the syndicator virtually. While there are many options available as to how to find the best syndicators, I recommend that you focus on these 3 platforms:
Podcasts
There is so much you can learn about someone from listening to their podcast: from the way they conduct business to certain personality traits. I recommend you find real estate related podcasts and begin following them. Many of the podcast hosts are syndicators. By tuning into the podcast, you should be able to tell pretty quickly if you like them and how experienced they are in the field. You can listen to my podcast “That REllie Happened?! Unbelievable Real Estate Stories” here, and stay tuned for a new episode every week!
Real Estate Meetups and Conferences
If you are considering investing passively, start attending some local meetups, where you can network with syndicators. I’ve started a meetup in my hometown of Santa Monica called “Santa Monica Passive Investing Club,” where passive investors have the opportunity to meet with me face to face, ask questions and vet me directly. You can find meetups in your area by going to Meetup.com. Another great thing to do is attend real estate conferences, and they are all over the U.S. When attending one or both of these, you can talk in person to the syndicator and determine how comfortable you feel talking with them.
Word of Mouth
Reach out to your network and tell them that you are looking to invest with a syndicator and ask for referrals, especially with someone they have been investing with. There is nothing better than having someone you know and trust vet a syndicator. Chances are, if a friend or peer trusts them, you will too. Additionally, you can ask them about their specific experience with their syndicator, in terms of transparency, past performance, etc.
Lastly, I’d highly recommend that you listen to your gut. If you found a syndicator through a podcast, was their personality appealing to you? Does it sound like they are experienced enough? If you met them in person, what was your impression of how they handle themselves? Did a syndicator come highly recommended from a friend? If so, do you trust your friend provided you with strong reasons to go with a syndicator? Listen to your instincts and decide if you can trust they syndicator with your passive investment.
Summary
Finding syndicators on podcasts to get a sense of who they are and whether you like them and their experience; attending real estate conferences and meetups to meet with syndicators in person; and reaching out to your network and asking for referrals are all excellent ways to find the best syndicator for your passive investments. The most important thing is to go with your gut – listen to your instincts to determine whether this is the right syndicator for you. By doing that you will set yourself on the right track to find the best syndicator for you.
To get your FREE copy of The Ultimate Guide for the Passive Investor, visit www.ellieperlman.com
About the author
Ellie is the founder of Blue Lake Capital, a real estate company specializes is multifamily investing throughout the United States. She is also the host of a weekly podcast called "That REllie Happened?! Unbelievable Real Estate Stories,” a podcast that brings the true stories behind the deals, from the most successful real estate investors around the globe. Ellie started her career as a commercial real estate lawyer, leading real estate transactions for one of Israel’s leading development companies. Later, as a property manager for Israel’s largest energy company, she oversaw properties worth over $100,000,000. Additionally, Ellie is an experienced entrepreneur who helped build and scale companies by improving their business operations. She holds a Masters in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can read more about Blue Lake Capital at www.bluelake-capital.com and learn more about Ellie at www.ellieperlman.com
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