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5 Things Every New Investor Should Do Before Investing In Their First Real Estate Syndication


When you first begin to consider real estate syndication as an investment option, it can feel confusing, intimidating, or even like you’re going in blindfolded.


I personally experienced fears around investing in a real estate investment property I’d never seen in person, concern about how I’d get my money back, and doubt around the inability to log into an account and see my money.


These fears were addressed head-on through research. Every article I read and every conversation I had built my certainty until I began to feel confident toward taking the plunge.


If you’re considering your first real estate syndication and feeling hesitant, I recommend doing your research, connecting with other real estate investors, reading through previous deals, and taking your time.


Do Your Research


The best way to build your real estate investing confidence is through self-education and research. Listen to podcasts, read books, and find websites on real estate.


Books:


The Hands Off Investor by Brian Burke (one of my personal favorites)


Rich Dad, Poor Dad by Robert Kiyosaki


Principles of Real Estate Syndication by Samuel Freshman


Podcasts:


The Crushing Cashflow Podcast


BiggerPockets Podcast


Best Real Estate Investing Advice Ever with Joe Fairless


The Real Wealth Show with Kathy Fettke


Ask Questions


Relevant Facebook groups and forums like BiggerPockets can help you learn what questions you should be asking.


It’s likely that other real estate investors have asked about your same concerns and, just by reading through the forum’s questions and answers, you’ll gain clarity.


Remember there are no dumb questions and that you have the right to be diligent about gathering answers to your concerns.


Connect with Other Real Estate Investors


A successful real estate investor needs a supportive community, and considering that syndication is a group real estate investment, you’ll want to get networking.


Any new investors will share similar anxieties, questions, confusion, and excitement. Experienced real estate investors can provide invaluable firsthand accounts of their experience with various projects, including apartment complex investments, and sponsors.


Find other investors through online forums like BiggerPockets, local networking events, or by asking sponsors if they’ll connect you to their current real estate investors.


Review Previous Real Estate Deals


Finding comfort with financial projections, summary data, and real estate investment lingo may feel overwhelming.


As you review more investment summaries, you’ll start to understand the flow of the deal packages, how each sponsor communicates, and exactly which real estate investments interest you. Feel free to reach out to us for samples of our previous offerings to get familiar with the packages.


Take Your Time


Each new real estate investment opportunity fills up quickly. This can make new real estate investors panic and start to believe they are missing the best deals.


Remember, there will always be another high-return investment opportunity.


Allow yourself time to complete the steps laid out here, so that when you make your real estate syndication choice, you are confident about every step.


Considering Everything


If you take nothing else from this article, remember it’s completely normal to feel skeptical, anxious, and even timid when making your first real estate syndication commitment.


The ability to take action is what separates the successful from those who give up.


Your first real estate syndication deal is a huge milestone in your investing journey, and, even though your head might be spinning now, this is a time to savor.

Ready to take the next step or learn more? We'd love to connect with you! Take action toward your financial goals by connecting with us. Join our investor club and subscribe via our website www.investwithredline.com. If you're already subscribed, shoot us an email to connect and discuss your goals and objectives.



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