This is great info. Thanks for putting it together.
SEC registration sounds like a big detractor, especially for smaller deals, to do syndications. I know there's several items that make a difference in the aggregate cost of setting this up (number of state registrations, number of investors, etc), but do you have a benchmark in terms of size of deal when this starts to make sense? For example, I know this won't make sense for a 500k, but for a 2M purchase? 5M? etc.
Also, is this something that can be done by a one man show + tools such as verify investor and external resources such as lawyers? I'm guessing it requires a team or the admin work will kill you.
Lastly, do you use any tools/systems/services for reporting?
This is great info. Thanks for putting it together.
SEC registration sounds like a big detractor, especially for smaller deals, to do syndications. I know there's several items that make a difference in the aggregate cost of setting this up (number of state registrations, number of investors, etc), but do you have a benchmark in terms of size of deal when this starts to make sense? For example, I know this won't make sense for a 500k, but for a 2M purchase? 5M? etc.
Also, is this something that can be done by a one man show + tools such as verify investor and external resources such as lawyers? I'm guessing it requires a team or the admin work will kill you.
Lastly, do you use any tools/systems/services for reporting?