Leveraging Syndication to Do Larger Deals

Jim’s family migrated from Taiwan. It’s the classic immigrant story, building a great business from ground floor. Learn about his strategies to grow from tenants, toilets and trash to managing a successful syndication company.

Key Discussion Points

[01:07] Introduction by Eric & Steven

[03:19] About our guest: Jim Lee

[04:33] How did you end up doing Syndications?

[07:33] Is the American dream still alive, even for immigrants?

[08:20] How did you get started on your first deal?

[09:52] Tell us about your first Synidcation deals in Florida

[15:33] What were the mechanics of the deal? Cash? Investors? etc…

[18:03] In depth discussion: syndication, waterfalls, preferred return, etc.

[20:33] How did you find your business partner? And why did you start doing business with him?

[23:13] Talk about the underwriting aspect of this deal and the property management.

[25:44] Do you have onsite managers for all your properties? How is maintenance handled?

[28:39] Are there amentities you provide in the units to add value to the renter?

[32:44] Who were you using to put your documents together?

[35:14] How can folks contact you?

[35:42] Closing comments by Eric & Steven

About our Guest: Jim Lee

Ep. 271 Jim Lee: Leveraging Syndication to Do Larger Deals

Jim is a real estate investor and founder of Formosa Investing. Jim received his Bachelor of Science degree in Economics in 2010 from UCLA and started his career as an inside sales rep for Loopnet and CoStar. By winning a $50,000 sales incentive bonus, he used that savings to purchase his first two-bedroom one-bath condo and learned the importance of having multiple streams of income.

Now, through real estate syndication, he has invested in over 600 units in the past two years where he has participated as a general partner and a limited partner

GUEST CONTACT INFO

Website: FormosaInvesting.com

Twitter (X), LinkedIn, Instagram, Facebook: @formosainvesting

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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!