A real estate syndication is essentially a partnership between a set of limited partners who pool their money together to purchase a piece of real estate they cannot afford on their own. This week on Grow Money Business we have a distinguished guest who has been working on real estate syndications for quite a while. Anthony Scandariato, co-founder and managing principal of Red Knight Properties, joins us today to talk about what you need to know before investing in a real estate syndication.
[02:42] Introduction – What real estate syndication is, how it differs from property management, and available opportunities for investors.
[07:02] Legal Background – Rules, regulations, limitations, and liabilities associated with real estate syndicates.
[10:33] Lifecycle of Investment – The process of setting up a real estate syndication and getting into deals with investors.
[14:54] Sourcing Properties – Anthony talks about his process of finding properties, acquiring them, and preparing for business.
[20:35] Managing Properties – Anthony shares his thoughts on the ideal way to manage the properties and working with tenants to make smooth rent adjustments.
[24:02] Communication with Investors – How general partners maintain the relationship with investors in terms of cash flow, reporting, and profit-sharing.
[27:31] 1031 Exchange – Anthony shares his take on the purpose of the 1031 exchange and why it should not be repealed.
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