How to Get Ready to Invest in Your 1st Real Estate Syndication
5 Things New Investors 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 intimidating, overwhelming or even like you’re climbing a mountain without the right equipment.
I personally experienced fears around investing in a property I’d never seen, concern about how I’d get my money back, and doubt around the inability to log into an account and see my money.
I addressed these fears by educating myself. 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 syndication and feeling hesitant, I recommend doing your research, connecting with other investors, reading through previous deals, and taking your time.
Do Your Research
The best way to build your investing confidence is through self-education and research. Listen to podcasts, read books, and find websites on real estate. The best part is you can do this all for free!
Books:
Rich Dad, Poor Dad by Robert Kiyosaki
Hands off Investor by Brian Burke
It’s a Whole New Business By Gene Trowbridge
Podcasts:
BiggerPockets Podcast
Best Real Estate Investing Advice Ever with Joe Fairless
Lifetime Cash Flow from Real Estate Investing with Rod Khleif
Ask Questions
Relevant Facebook groups and forums like BiggerPockets can help you learn what questions you should be asking.
It’s likely that other people 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 silly questions and that you have the right to be diligent about gathering answers to your concerns.
Connect with Other Investors
A successful investor needs a supportive community, and considering that syndication is a group investment, you’ll want to get networking.
Any new investors will share similar anxieties, questions, confusion, and excitement. Experienced investors can provide invaluable firsthand accounts of their experience with various projects and sponsors.
Find other investors through online forums, local networking events, or by asking sponsors if they’ll connect you to their current investors. At Key Stream Capital, we are always ready to answer your questions.
Review Previous Deals
Finding comfort with financial projections, summary data, and 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 investments interest you.
Take Your Time
Each new investment opportunity fills up quickly. This can make new investors panic and start to believe they are missing the best deals.
Remember, there will always be another opportunity.
Allow yourself time to complete the steps laid out here, so that when you make your syndication choice, you are confident about every step.
How Do I Learn More About Passive Investing with Us?
Partner with us on your road to financial freedom and generational wealth! The Key Stream investor club is a community of people just like you who are building their wealth and making their dreams happen through passively investing in real estate syndications. We’ll help you discover the best investment opportunities so you can can financial freedom faster.
Apply Now for the Investor Club!
Remember to consult your own team of investing professionals as we do not provide tax, legal, or investing advice.