If you find yourself in a situation where you can’t seem to make any progress yet you have put in the time and effort to educate yourself, find your target market and locate potential properties in your ideal niche, you're more than likely struggling because multifamily real estate is a team sport. It’s close to impossible to be successful completely on your own. When my husband and I realized that it was time to find a good team to partner with is the moment our syndication success became a reality.
Once you make the decision that you need a partner, you must figure out what type of partner you are looking for. Do you want an alliance with another syndicator, do you want a Joint Venture partner, or do you want to become a partner in an existing company? To determine the best route, you need to understand your personal goals, strengths, and weaknesses and find someone that needs what you have to offer.
Partnering with the right team is a great growth hack and the best way to compress time and space between your capabilities and your goals. As long as you know the investment strategy and the asset class you want to be in, finding a partner with complementary skills will help to exponentially grow your portfolio. What you are probably missing is the time, money, resources, and complementary skills to get you where you want to go in the quickest and most efficient way possible.
There is a team out there that needs you as m