Originally Posted by
Trip7
Syndication is where the money is at but it man really it take alot of time, energy and capital to set up. If someone thinks 50k min investment is big just the legal fees for setting up a Syndication can easily be north of 50k. But once you have a system built up and a track record look out. That snowball gets bigger and bigger as it accelerates down the hill. Seems the easiest, most stress-free way into becoming a Syndicator is to build wealth until you have enough passive income to live on then take a year or 2 building your business.
I think the biggest benefit of syndications is there is no distracting market that tells you the price of your invest every minute 5 time a week for 8hrs a day. Much less noise for those that are effectived by volatile swings of the open market. Effectively, you wire money, then get quarterly updates and distributions, then in 3-7 years you get all your money back plus capital gains
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I'm replying to a post in the 320/73N vs 7ER QOL thread over here to minimize thread drift.
Becoming a syndicator was high on my list of alternate careers during the VEOP period. The 36 month offramp from Delta would have made for a financially smooth transition. Ultimately it came down to lifestyle over $$$. Being a good syndicator is a full time job, which didn't sound as interesting as being a part-time pilot.
My Side Hustle as WB B on reserve is working out well so far. I'm moving from actively managing self storage into becoming a passive investor in apartments. It has even provided flexibility to play land developer on a JV with an apartment developer. Once I'm done with the entitlements, I'll enjoy the ride as an LP/KP in the deal.
I'm curious enough about the offerings on Equity Multiple that I signed up on the platform. My biggest question for this year is how aggressive the individual syndicators are with cost segregation and bonus depreciation. My assumption is that the equity deals provide K-1s and I'm wondering how much in passive losses they generate the first year.