Real estate operators go through a great deal of work running a syndication business. Finding deals, doing due diligence, sourcing investors and lenders, raising capital, managing the property – all these can become overwhelming for syndicators especially newcomers in the business. Perhaps you’re curious to know – what could be the hardest part of the syndication business?
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Our guest today, Jonathan Tonks of Provision Space shares answers to this question and more. After a year of diving full-time into multifamily syndication, Jonathan has acquired 400-unit assets worth $43 million. He now shares lessons and insights gained from key phases of his syndication experiences. He reveals the hardest part of the syndication business and how he overcame the challenge. Click now and learn strategies for building solid investor relationships as well.
Key Points From This Episode:
- Jonathan’s personal background, early career, and his start in the real estate business.
- What influenced Jonathan to go full-time into the real estate business?
- How did Jonathan determine the skill sets and strengths that can be applied to the real estate business?
- What has been the hardest part of the syndication business for Jonathan?
- What’s been his biggest challenge in the last six months?
- Jonathan’s tips for building relationships with syndication partners.
- How did Jonathan build his investor base and what sets his company apart from other real estate firms?
- Jonathan’s predictions for the real estate industry, recent business improvement and metrics that he tracks.
- Ways to nurture relationships with investors and Jonathan’s best tip for passive investors.
- Jonathan’s habits that have produced the highest return and the key factor to his success.
- Jonathan’s way of giving back and his contact information.
“I use the Cadillac standard of relationship building when it comes to the syndication model.”
“The ones who are going to succeed in the next one or two years are the ones who can be the most creative in financing methods and in raising capital.”
“I’m honing in on the relationships that got us here, and really developing those more strongly.”
“Passive investors should be extremely clear on what they want.”
About Jonathan Tonks
Jonathan is passionate about developing leaders through business creation and investing for generational wealth. He lives in Holland, MI, and began his career as a continuous improvement engineer for a multi-billion dollar automotive supplier where he lead cross-functional teams to increase revenue and improve the efficiency of a 600-person manufacturing facility. Jonathan began investing in real estate in 2020 and created an investment firm, called Provision Space, to partner with large multifamily operators around the country. As a managing partner, he is responsible for building relationships with investors, vetting investment opportunities from sponsors, and providing the strategic vision for Provision Space’s growth. When he is not working, Jonathan is a pilot, musician, triathlete, and world traveler. He looks forward to serving others with the provisions God has blessed him with.
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