In order to incentivze that manager to do really well, they actually get a promote. Most of their income and profit from this deal comes from the promote. And typically most of these syndication deals charge a one % fee. If you want to keep your fees rock bottom, super cheap, as cheap as you can, probably should not invest in any sort of private real estate. No syndications, noa private real Estate. You have to pay an on-the-run index fund if you want to run some sort of real estate syndication on a little 20 million dollars. They're not gong to be willing to do it for point zero three percentage points. Like vanguard

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode