What red flags to look for as a Limited Partner in syndication?
I'm exploring being a Limited Partner in an apartment syndication. In general, what are some red flags or specific things to consider? Is there an element of trust that is needed at the end of the day because you are ultimately depending on the General Partners to perform? Is there an industry of General Partners who go around creating deals to get the acquisition fees but not really follow-through with the overall investment strategy because they made their cut getting the investors on board? Any other tips on what to look for as a Limited Partner would be much appreciated.