Dec 18, 2023
Leveraging
Syndication to Do Larger Deals
Jim's family migrated
from Taiwan. It's the classic immigrant story, building a great
business from ground floor. Learn about his strategies to grow from
tenants, toilets and trash to managing a successful syndication
company.
Key Discussion
Points
[01:07] Introduction
by Eric & Steven
[03:19] About our
guest: Jim Lee
[04:33] How did you
end up doing Syndications?
[07:33] Is the
American dream still alive, even for immigrants?
[08:20] How did you
get started on your first deal?
[09:52] Tell us about
your first Synidcation deals in Florida
[15:33] What were the
mechanics of the deal? Cash? Investors? etc...
[18:03] In depth
discussion: syndication, waterfalls, preferred return, etc.
[20:33] How did you
find your business partner? And why did you start doing business
with him?
[23:13] Talk about the
underwriting aspect of this deal and the property management.
[25:44] Do you have
onsite managers for all your properties? How is maintenance
handled?
[28:39] Are there
amentities you provide in the units to add value to the
renter?
[32:44] Who were you
using to put your documents together?
[35:14] How can folks
contact you?
[35:42] Closing
comments by Eric & Steven
About Our
Guest
Jim is a real estate
investor and founder of Formosa Investing. Jim received his
Bachelor of Science degree in Economics in 2010 from UCLA and
started his career as an inside sales rep for Loopnet and CoStar.
By winning a $50,000 sales incentive bonus he used that savings to
purchase his first two-bedroom one-bath condo and learned the
importance of having multiple streams of income.
Now, through real
estate syndication, he has invested in over 600 units in the past
two years where he has participated as a general partner and a
limited partner
GUEST CONTACT
INFO
Website: FormosaInvesting.com
Twitter (X),
LinkedIn, Instagram, Facebook: @formosainvesting