Warning - SPI Advisory!

[Lue C.]

Hi BP Community,

I thought I'd share my experience with a syndication sponsor and hopefully it would help other accredited investors.  

I have partnered with 4 sponsors on 9 syndicated deals as an equity partner and always look forward to connecting with new sponsors.  After I listened to BP podcast show 298 with Michael Becker from SPI Advisory, I reached out via their website and expressed my interest in getting to know them.  They responded and scheduled a 15-minute call with Michael Becker on November 29th at 11:15 AM Eastern Time.  At 10:49 AM on November 29th, SPI called and asked to reschedule my call because of an urgent matter had come up.  The call was rescheduled to December 5th at 3:15 PM Eastern Time.  At 2:06 PM on December 5th, SPI called and asked to reschedule the call again because another urgent matter had come up.  This time, I told them not to bother.

I understand Michael is a busy executive.  However, if they can't respect my time, I won't trust them to take care my hard-earned money.  If you are considering to partner with SPI, considered yourself warned.

[Michael Becker]

Lue...Listen I apologized at the time.  I had 2 urgent items pop up that had to be addressed right then.  I own 5,000 units and have 700+ unique investors so things happen all the time that I have to deal with.  I go out of my way to meet everyone who invests with me via these calls so its a lot to juggle.   

Sorry, you felt so slighted you had to make a post.  Maybe seek out inexperinced sponsors who are just getting started as they tend to have less urgent things pop up.