#117 with Bruce Petersen: How to Scale Your Syndicatation business to 1,000 Units with The Apartment Guy
Millennial Millionaire Real Estate Podcast
English - November 16, 2020 19:48 - 45 minutes - 82.6 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Bruce Petersen on his journey from his first deal in a 48 unit syndication at 42 to scaling his syndication business to over 1000 units. Bruce is an Austin, Texas, based apartment syndicator and real estate educator. In this episode, we get into topics like: getting a coach on your team, finding the right syndication structure, beginner investor challenges, and more!
Top Takeaways:
Finding a coach to skip a few steps - 9:15 - 12:00
Google is your friend
Be sure to do your research and get second opinions, but if a fit feels good it probably is
A good coach is worth more than you will ever pay for them
Using a creative syndication strategy - 15:30 - 18:00
Your syndication structure should match your needs - if you can handle all the management, do it
If not, there are lots of effective, legal ways to divide the workload
If you have the right education, you should know everything you need to run as a solo GP
Biggest hurdles for beginner investors - 18:15 - 21:00
A lot of new investors come from big events - keep in mind the motivations of those promoters
Understanding the challenges that will inevitably arise will prepare you to tackle them
Having the self awareness to know if you’re capable of persevering through the challenges
How to bring value to Bruce Petersen:
Looking for an underwriter experienced in multifamily
Video production experience
Resources:
Book by Bruce Petersen: Syndicating Is a B*tch
Social Links:
biggerpockets.com/users/Bruce_Apt-Guy
Connect With Our Sponsor, MartelTurnkey:
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA