345: 69 Doors from ONE Real Estate Deal Using Other People’s Money w/Andrew Freed

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 5 December 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Taking down a $6.5 million real estate deal might seem like an unlikely feat for a rookie investor, but it’s not if you use other people’s money. When today’s guest had a large portfolio of multifamily properties fall into his lap, he exhausted all of his resources to bring it home—dodging multiple curveballs along the way! In this episode of the Real Estate Rookie podcast, we’re diving into the world of syndication with investor Andrew Freed. Real estate syndications can be a great way to build a real estate portfolio without using much of your own money, but this investing strategy also requires careful planning and coordination. The biggest challenge for most investors? Raising capital. And that was certainly the case for Andrew, who only managed to scrounge up the funds he needed during the eleventh hour. While you may not plan on tackling a multimillion-dollar syndication deal any time soon, there are several important lessons that every rookie investor can take away from Andrew’s latest deal. In this episode, you’ll learn how to find the BEST deals through local real estate meetups, how to raise a TON of capital by leveraging your own network, and how to bring a deal to potential investors! In This Episode We Cover: How to build a large real estate portfolio using other people’s money Finding RARE deals by attending your local real estate meetups Leveraging your network to raise capital for syndications The best ways to present a syndication deal to potential investors How to negotiate financing terms on a large commercial loan And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the “Real Estate Rookie” Podcast Grab Your Copy of “Real Estate Partnerships” 24 Units in 2 Years by Making Your Rentals Match the Market w/ Andrew Freed Use the BiggerPockets Glossary to Learn Key Real Estate Terms Learn More About Tony’s Latest Syndication Deal Get Your Syndication Questions Answered by SEC Attorney Bethany LaFlam Connect with Andrew: Andrew's BiggerPockets Profile Andrew's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-345 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie episode 345.
0:05.0	My name is Ashley Kerr and I am here with my co-host Tony J Robinson.
0:10.0	And welcome to the real estate rookie podcast
0:12.0	where every week, twice a week we bring you the inspiration, motivation, and stories you need to hear to kick start your investing journey.
0:19.0	Remember when you had to pay to get a Leeds phone number? It was like the dark ages.
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0:41.9	including age, gender, marital status, occupation, Chipotle
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	...

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