In the great movie Moneyball, Billy, played by Brad Pitt, says he wants to bring back an aging ballplayer by the name of David Justice. Everybody thinks it is a terrible idea to bring him back. He can’t hit home runs anymore. They ask Billy why he wants Justice back. Billy points to Pete, played by Jonah Hill. And Pete says, “because he gets on base.”
Now that philosophy, “because he gets on base,” takes that suffering ballclub to a new record of 20 consecutive wins, and nearly to the World Series. Pete knew that games are won by getting on base, not by showing home runs. Home runs are rare, and the ones that hit those home runs tend to have pretty low batting averages. The game is won on base hits. And syndication is exactly the same way.
Getting things done is getting on base. It’s not about just going for the Grand Slam or hoping for that home run. The home run hitters are swell, but it’s not how you’re going to be truly successful at the syndication game. The way to success is just getting on base every single time.
How do we get on base? Well, there are five things that we need to do in order to be successful.
Five Keys to Get On Base
Every Day Work On Getting More Investors and Expanding Your Network
You’ve got to work diligently every day on attracting more investors and expanding your network to successfully syndicate real estate under regulation D. It’s not just about finding investors, but finding the right ones. You need accredited investors who are not only capable of investing but are also interested in the real estate market.
Boosting your network isn’t a one-time thing. It’s a continual process that can help you raise capital and increase your syndication deals. Attend real estate conferences, join investment groups, and leverage social media to connect with potential investors and collaborators.
Make yourself known in the industry, share your vision and invite others to join you on this journey. This is your path to becoming a successful syndicator. Remember, in this business, your network is your net worth.
Every Day Work On Finding New Investment Opportunities to Syndicate
Every day, it’s crucial for you to seek out new investment opportunities for syndication. Real estate syndication under regulation D can be a game-changer, and you’re part of that exciting transformation. It’s like an elite club, and you’ve got the golden ticket.
The key to success? Never stop hunting for new investment opportunities. Real estate markets are ever-changing, and so are the opportunities. There’s a thrill in the chase, isn’t there? You’re not just finding a property; you’re finding a community, a place where people can belong.
You’re not alone in this journey. We are in this together, navigating the complexities of Regulation D, and finding new investment opportunities to syndicate. Remember, your success is our shared success. Let’s keep the momentum going, every single day.
Learn Something New Every Day
In this fast-paced world, it’s crucial to keep learning and expanding your knowledge base every day. Here’s the deal, you’re not just a real estate enthusiast, you’re part of a community of ambitious individuals, grappling with complex concepts like Reg D, real estate fund management, and raising capital.
Every day, strive to absorb something new about these elements. This could be through reading industry reports, attending seminars, or engaging in online forums. The more knowledge you gather, the better you’ll navigate the intricate world of real estate syndication under Reg D.
Remember, it’s not just about raising capital. It’s about feeling competent and confident in your endeavors. By continuously learning, you’ll solidify your place in this community and your success in the industry.
Use Systems, Checklists, Outlines, And Processes
Don’t underestimate the power of systems, checklists, outlines, and processes in your journey to master real estate syndication. You’re not alone in this journey; we’re all in this together, learning, growing, and striving for success. Rely on these tools to keep your work organized, streamlined, and efficient.
When you start a real estate syndication, a checklist serves as your blueprint, guiding you through each step. It helps you remember the critical elements of regulation D, ensuring you don’t miss any crucial steps.
Additionally, systems are your lifeline. They help you manage the complexities of real estate syndication, making sure everything runs smoothly.
Leverage People And Teams
Building a strong team and leveraging their skills can significantly boost your chances of closing a deal. You’re not expected to know everything or do everything alone. That’s where the strength of a team comes in. Surround yourself with people who are experts in areas where you’re not. This includes real estate attorneys, accountants, and experienced syndicators who know the ins and outs of Regulation D.
Remember, it’s not just about forming a team, it’s about fostering a sense of belonging. Make everyone feel like they’re part of the mission. Encourage open communication and collaboration. The more connected your team feels, the more they’ll be committed to the success of your syndication.
Leverage people and teams wisely, and you’ll be one step closer to a successful real estate syndication.
Just Do It
So the most important thing in syndication is the base hits, the daily work that gets done. It doesn’t need to be eight hours a day, but a little bit needs to be done every day, just to make sure you’re getting on base. First thing when you get up in the morning, ask yourself, “how am I going to get on base today?” And then, as you go to bed at night, say, “how did I get on base today?” This will propel you forward because it’s the incremental change that is going to make you truly successful in this business.
Are you ready to get started with your own syndication and need a private placement memorandum? Moschetti Law Group is a real estate syndication law firm and we’d be happy to meet with you to put together your Reg D PPM from a syndication attorney and guide you through the process of launching your own offering.
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Tilden Moschetti, Esq., is a highly sought-after syndication attorney with nearly two decades of experience. His clientele ranges from real estate developers and startups to established businesses and private equity funds. Tilden’s expertise in syndication law comes not only from his knowledge of syndication and securities law but from real, hands-on experience as an active syndicator himself in every real estate product type and nearly all markets in the US. His knowledge and experience set him apart and established him as the Reg D legal services leader.
