Due diligence for investing in syndication

[Dominique Canlas]

What steps do people normally take before signing/joining a syndication as a passive investor? Anything to look out for when it comes to reviewing the contract/documents? Is it necessary to hire a lawyer?

Thanks in advance!

[Mason Weiss]

Measure the opportunity cost. Right now tying up your money for the next several years could bring minimal passive income for the entry price.