Rental Property Investor · Frisco, TX · Member since 2016 · 22 posts · 12 votes
We are officially under contract and will be doing our first syndication deal.!.! What one piece of advise would you give to an investor on their first syndication.
The most important part is what you have already done: due diligence on the sponsor and the deal itself. But stay involved. Ask questions, learn everything you can. You have a responsibility to be an educated investor, make sure you take it as seriously as you do any income generating activity.
The most important part is what you have already done: due diligence on the sponsor and the deal itself. But stay involved. Ask questions, learn everything you can. You have a responsibility to be an educated investor, make sure you take it as seriously as you do any income generating activity.
@Rebecca Stuelpnagel as @Jeffrey Goddard stated do your due diligence. Speak with a syndicator, evaluate the deal, the market, the offer details, see if the timeline is in inline with your personal plans. In other words, you're not planning to rely on these funds for the duration of investment. Get a full understanding on how syndication works, and how the asset you're investing in will function in a bad economy. In other words, you should be able to weight in all the pro's and con's of an investment and decide if it plays in your favor.
If you'd like additional feedback about my personal experience, feel free to PM me.