How possible is it for W2 workers to form a real estate partnership and build a successful syndication business? Let’s hear it from a former Target employee turned investor and syndicator!

Today, he shares how he and his five partners started appreciating distressed properties as a great investment vehicle, secrets to a working partnership, scaling a portfolio through investors’ capital, and growing a company while serving residents and local communities. Don’t miss this episode to learn how to achieve the same financial stability in real estate.

Key Points & Relevant Topics

• Why a townhome is a good investment for starters in real estate
• The value of trust in forming a business operating agreement 
• Secrets to successful investing for people with no real estate experience
• Benefits of learning the hard way in rental property management and investing
• Leveraging investors’ capital to scale faster in real estate
• Why investing out-of-state is an important option for investors
• Advantages of starting a property management company for syndicators
• Ways to effectively manage decisions and possible conflicts within partnerships
• How difficult it is to leave a full-time job and take risks for the sake of being an entrepreneur

Resources & Links
Apartment Syndication Due Diligence Checklist for Passive Investor

About Matt Brawner

Matt began his real estate career in 2011 when he and five other partners purchased a single townhome in Minneapolis, Minnesota. The partners felt townhomes were undervalued and liked the protection of the HOA against unplanned capital expenditures. Later that year, Matt left his job at Target to pursue a career in fundraising but continued to work with his partners to grow their new company, Minnesota Capital Management (MCM). 

In the years following 2011, Matt and his partners purchased 4-5 townhomes per year by reinvesting profits and investing personal capital. Everything changed in the summer of 2015 when Matt and his partners found their first multi-family investment, 75 units across three properties.  

Matt left his W2 job in May 2018 and moved his family back to Minneapolis to run MCM full-time. In the process, Matt and his partners founded their own property management company, Northwoods Servicing (NWS). NWS manages the Twin Cities portion of MCM’s portfolio and has allowed the partners to own more of the value chain.  

Today, Matt and his wife live in Minneapolis with their three kids. They are active in their church and enjoy all that Minnesota has to offer. Real Estate has given Matt and his family the gift of being planted and he wants to help you do the same. 

—