What's up everybody? Welcome back to another episode of the Action Academy podcast. Today's show is a quick

cash flow clip from a live call we did within the Action Academy community back in I believe

September of 2023 with Mr. Eric Nelson. Eric is an accomplished multifamily syndicator. In today's episode, we're going to break down a 12 to 15

minute segment where he discusses all of the key parts of the syndication strategy. What's a GP?

What's an LP? What are the different partners that are on the team? And how do you structure the

syndication? So, guys, I hope that you enjoy this.

And if you want to learn more about this stuff and you have some single family, you want to

move into commercial, you want to learn how to scale and raise capital. Go in the show description,

click a link to book a call with me and my team for the Action Academy community. That's what we do,

baby. So I hope you guys enjoy the episode. And if you do, please share it with other people.

Thank you.

Let's get to it.

So talk about like syndication.

Basically, I like to use like a $4 million deal as an example.

So if you're buying a $4 million apartment building or like a self-storage or a commercial

building of some kind and it's four million bucks,

you're going to need about 25% of that down.

And then 75%, you're going to get a loan either from the bank or agency debt, which is Freddie, Fannie, that type of stuff.

Right.

So if you're buying a $4 million property, you're going to need a million dollars down because that's 25% of the purchase price.

Then you're going to need some million dollars down because that's 25% of the purchase price. Then you're going to

need some money for fix up. Let's say you need half a million bucks to fix it up, right? So you need

...