TABLE OF CONTENTS Introduction SECTION I: Investing in Syndications CHAPTER 1 The Hands-Off Way to Real Estate CHAPTER 2 Sponsors and Offerings SECTION II: Evaluating Sponsors CHAPTER 3 The People CHAPTER 4 The Process SECTION III: Evaluating Real Estate CHAPTER 5 Real Estate Basics CHAPTER 6 Bottom-Up Analysis CHAPTER 7 Understanding Gross Income CHAPTER 8 Net Income and Cash Flow CHAPTER 9 Performance Indicators CHAPTER 10 Debt Structure CHAPTER 11 Capital Improvements CHAPTER 12 Cap Rate and Valuation SECTION IV: Evaluating Offerings and Structure CHAPTER 13 Investment Structure CHAPTER 14 Underwriting and Projections CHAPTER 15 Sources and Uses of Funds CHAPTER 16 Waterfalls CHAPTER 17 Fees SECTION V: The Investing Process CHAPTER 18 Making Your Investment CHAPTER 19 During Your Investment CHAPTER 20 After Your Investment CHAPTER 21 Conclusion Appendix A Acknowledgments
Want to invest in real estate but don't have the time? Real estate syndications provide an avenue to invest in real estate without tenants, toilets, or trash--and this comprehensive guide will teach you how to invest in these opportunities the right way.
TABLE OF CONTENTS Introduction SECTION I: Investing in Syndications CHAPTER 1 The Hands-Off Way to Real Estate CHAPTER 2 Sponsors and Offerings SECTION II: Evaluating Sponsors CHAPTER 3 The People CHAPTER 4 The Process SECTION III: Evaluating Real Estate CHAPTER 5 Real Estate Basics CHAPTER 6 Bottom-Up Analysis CHAPTER 7 Understanding Gross Income CHAPTER 8 Net Income and Cash Flow CHAPTER 9 Performance Indicators CHAPTER 10 Debt Structure CHAPTER 11 Capital Improvements CHAPTER 12 Cap Rate and Valuation SECTION IV: Evaluating Offerings and Structure CHAPTER 13 Investment Structure CHAPTER 14 Underwriting and Projections CHAPTER 15 Sources and Uses of Funds CHAPTER 16 Waterfalls CHAPTER 17 Fees SECTION V: The Investing Process CHAPTER 18 Making Your Investment CHAPTER 19 During Your Investment CHAPTER 20 After Your Investment CHAPTER 21 Conclusion Appendix A Acknowledgments
Want to invest in real estate but don't have the time? Real estate syndications provide an avenue to invest in real estate without tenants, toilets, or trash--and this comprehensive guide will teach you how to invest in these opportunities the right way.
Outsource your real estate investments--and say goodbye to the hassles of tenants, toilets, and trash--with the ultimate guide to passive syndications.
Even for experienced real estate investors, finding the right passive syndication opportunity can be overwhelming. But Brian Burke, a private equity firm CEO with half a billion dollars of real estate acquisitions, will show you how to evaluate opportunities and offerings so you can pick the right sponsors and improve your odds of success.
Inside, You'll Learn:
Brian Burke is CEO of Praxis Capital Inc., a vertically integrated real estate private equity investment firm. Brian has acquired over half a billion dollars' worth of real estate over a 30-year career, including thousands of multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. Though he prefers to reposition existing multifamily properties, he has also subdivided land, built homes, and constructed self-storage. Brian is a licensed pilot, so when he isn't investing in real estate, he can be found, literally, in the clouds.
Want to invest in real estate but don't have the time? Outsource your investments with passive syndications! Even if you don't have time to be in the trenches, you can still add real estate to your investment portfolio. Syndication deals provide an avenue to invest in real estate without tenants, toilets, or trash--and this comprehensive guide will teach you to invest in private offerings the right way. Syndications are to real estate like mutual funds are to stocks: A typical deal involves multiple investors passively financing a fund, while a manager is responsible for picking the real estate and managing the portfolio. Author Brian Burke, a syndications insider with decades of experience with forming and managing syndication funds, will show you how to evaluate sponsors, opportunities, and offerings so you can pick the right sponsors and achieve the highest odds of a favorable outcome. Inside, you'll learn: How to find real estate syndication investment sponsors--and how to evaluate them to find the best possible opportunities The practical skills you need to understand income, cash flow projections, and investor waterfalls Red flags to look for and tricks that syndication sponsors can play How various debt options affect risk and return The biggest and most common underwriting mistakes that sponsors make The important difference between identified asset syndications and blind pool funds Typical sponsor fees and profit splits The tax implications of syndication investments and how to implement a proper reporting strategy How to measure alignment of interest, judge performance projections, and more!
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