Senior Managing Director of Consumer Direct Lending Division, PENNYMAC MORTGAGE INVEST TR
Stepping into a room filled with experienced syndicators, I was the rookie. I had no deals under...
How walking into a room changed my life! #BackstageGuide #shorts #NextLevelEducation.
About Scott Bridges
In a September 2024 appearance, Scott Bridges described his early experience entering a room of real estate syndicators, many of whom had completed hundreds of deals. He recalled that about half of the attendees had syndication experience while the other half were newcomers. Bridges said he spent two years building a foundation in syndication before doing deals himself, and he emphasized that practical experience is necessary to fully learn the process.
Transcript (1 segments)
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Scott Bridges0:00
I walked into a room filled with a couple hundred other people who were either aspiring syndicators or people who actually were syndicating deals themselves. They were actually doing this, and they would have, you know, a hundred doors under their belt or maybe even a thousand. I mean, there were people who were very advanced. Maybe 50% of the room had done it before, and maybe about 50% of the room were just interested in syndications but actually hadn't done one before. And that's when I sort of hooked up to the fire hose, if you will, of learning about syndication. I mean, there's a ton of stuff to learn, and I spent a couple of years really getting a solid foundation on exactly how it works and then doing deals myself. And I learned a lot from the experience of actually doing them. There's so many different things that can happen along the way that you can learn a certain amount from a book, but I think at a certain point you have to actually go out and do to really learn and really get that experience.