Eric Barnett tells real-estate investors to stop managing everything alone and instead network with operators who've completed 5 to 6 multifamily deals. Partner with these up-and-coming syndicators to earn GP equity shares and learn the syndication process hands-on, rather than staying stuck buying small rentals solo.
is spend more time networking and actually going to the events where those operators go and meet them in person more and stop thinking I can do everything on my own. That I don't need to just buy little rental properties. And it's great and it's a path for some people, but for the lifestyle side, I would say go network more and meet the people that are doing it and get in with some of the syndicators or the operators that are Not starting out, but they've done maybe 5 or 6 apartments, so their deals are still pretty favorable to the LP and they're finding good deals and they're going to do whatever it takes to make sure it works because their reputation is on the line. So meeting some more of the up-and-comers, I guess, when you're starting out and maybe aligning yourself with them to be even potentially get some GP shares if you bring in enough of the equity at some point on a smaller deal to learn a little bit more of the ropes.
