58. Conclusion

Now that you have read this book, we come to the acid test—putting the know-how which is available in the book to work for you—so that you can choose from among the various syndicates and decide which is the best deal for you. Before you get ready to make your invest­ment, you will want to analyze a half dozen deals avail­able in the market. Only by comparing what's available today can you decide which is the best syndicate to invest in.

Do not be confused by deals which people tell you they bought ten years ago. The syndicate market has changed and so has the real estate market. It is just as irrelevant for someone to tell you that in 1951 he went into a syndicate in which he is now getting 22% a year as it is for a stockbroker to tell you that ten years ago you could have bought shares of AT&T for one-half of to­day's price.

Now that you have before you a half dozen different syndicate brochures, turn to the "rating checklist" which you find on the next few pages. This check list covers almost every major point in the syndicate field. Take each brochure and find the appropriate clauses. You should set up three rating column scales—Average— Better-than-Average — Worse-than-Average. Once you have read a half dozen different brochures, you will get an idea of what is average in terms of each of the clauses. After you have analyzed half a dozen brochures and made up a sheet for each one, you will see that one is better than the other.

The final decision is yours—but we hope we have given you the tools necessary to assemble the information you need to make an intelligent decision.

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