Multifamily Syndication

Everybody wants to be a syndicator but you really need to understand the back-end of the business before you go out and syndicate (what to do, when to do it, and understanding the systems that you need to have in place). Even if you get the money and the investors — that is the easier part. The harder part is what comes afterward.

Brian discusses his strategies to be a successful syndicator, such as asset stacking, having “boots on the ground”, understanding how to operate the asset, attracting money, and judging whether an investment is considered a security (SEC).

Key Discussion Points with Bryan Chavis

[04:29] Introduction to Bryan Chavis
[07:07] Discussion about headwinds in the current market
[12:35] Current multifamily market situation right now
[16:10] Are you still finding investments with low cap rates?
[19:25] Asset strategy stacking
[22:31] Syndication mistakes and tips to avoid them
[26:48] Raising money for syndication
[29:25] What do you see as most important for investors?
[36:44] Info about Bryan’s Multifamily Matrix Event & Multifamily Apartment Social Meetup
[41:08] Final thoughts from Eric and Steven

About Our Guest

Bryan Chavis is an active multifamily investor as well as author, blogger, educator. His best-selling books Landlord Entrepreneur and Buy It, Rent It Profit, outline the financial draws of investing in multifamily rentals.

Bryan is the founder of Chavis Captial (chaviscapitlre.com), a private equity firm that specializes in multifamily acquisitions. He also the founder of Bryan Chavis Coaching & Consulting, and is only one of a handful of authors with a book in the U.S. library of congress.

Bryan was also a guest on episode 149 – check it out!

Investor Resources

Website: bryanchavis.com
Multifamily Matrix Event info (hosted by Bryan): bryanchavis.com/matrix

Dealing with Real Estate Brokers

Eric Odum reveals the key action items to take on how to get a broker’s attention and move to the top of their list. Often-times, when buyers want access and communication with a broker, the broker seems to have a lack of responsiveness. However, from a broker’s perspective, he/she is trying to weed out the unqualified investors so they can work with those investors who they think can transact and close deals. Keep in mind, brokers only get paid when the deal gets done, so they don’t want to spend their time working with investors whom they would need to educate or who are not ready or qualified.

Here are a just few steps investors can take to prove to the broker they are capable of being one of those people who can transact and close deals:

Be focused and specific in what type of investment(s) you are looking for

Show them the deals you’ve looked at, and why you think it is a good deal or a bad deal (it shows the broker your underwriting process in terms of how you make a decision or don’t make a decision)

Prove you have your financing lined up

Join us for this episode to learn about these and other helpful action items you can take when working with a broker.

Key Discussion Points with Eric Odum

[03:53] Introduction to dealing with brokers
[05:48] Reasons for a lack of broker responsiveness
[08:29] Key action items you should take to end up on the top of the broker’s list
[21:32] Summary of working with a broker

About Our Guest