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Explained: What Does A Syndication Mean In Real Estate? (Neal Bawa)

In this episode, Robert talks to Neal Bawa about real estate syndication. Robert Leonard: So for those listening to the show that might be new to real estate. Can you explain what a triplex is and what a syndication is? Neal Bawa: Sure. So a syndication is a process where you’re looking to buy something that’s institutional class. a large asset. So my next project is a Atlanta property that comes out in 15 days and it’s a $24 million property. Why am I buying a $24 million property? Why not buy basically a triplex which is you know three… It’s a building that has three units, right? Triplex. Quadplex has four units. Why not buy those? And the answer is scale.  The problem with buying a duplex, triplex or quadplexes you don’t have a property manager at the property. So you don’t really have the level of control that you want. You have a property manager that’s managing 1000 units and maybe some time you’ll pay attention to your triplex. When you buy a $25 million asset, you have five to six employees that work at the property and many of them actually live in your apartment complex because you tend to offer them discounts if they live there, right? That makes their life easier and your life easier because if there’s a pipe that burst at 11 o’clock, the maintenance guy just lives in one of the units is going to get there in 15 minutes and you’re going to save $100,000 on your laminate. So the level of control that you have on a 250 unit, $25 million property, is in a completely different class from a single family rental, a quadplex, or even a small five or 10 unit property. It’s not just the level of control. It’s the fact that you have efficiencies of scale. So I think that the efficiencies that come with large properties can only come if you’re buying something that’s really expensive, $20-$25 million with six employees.  But how do you buy that? I mean, no one investor has the money to pay $6 million or $7 million down for a $25 million property. So what you do is you take $100,000 from 60 investors and you aggregate it together in one LLC, and you buy the property in the LLC, and then you give fractional profits, both cash flow and upside at the end to those investors. And that is known as a syndication and it’s very, very popular in the US, especially since the 2014 JOBS Act that made it much easier to syndicate. Subscribe to Millennial Investing podcast show here: https://open.spotify.com/show/7dnn22E... To access our show notes, courses or forums, go to https://www.theinvestorspodcast.com ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ADDITIONAL INVESTING RESOURCES: Ask the Investors:    • Плейлист   Asset Allocation Course:    • Asset Allocation Course   Real Estate Investing:    • Real Estate Investing Explained   Millennial Investing:    • Millennial Investing Explained   ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/f... Have a question? Get your voice heard on the show: https://www.theinvestorspodcast.com/y... ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.