First syndication as an LP

[Evan Loader]

Just wired the $ for my first syndication as an LP. It is a 200 unit stabilized apartment, with some small value add, but the main focus is getting utility costs in line. Nervous yet excited. Did extensive DD to ensure the numbers were correct, the sponsor had everything in order and the deal was solid, so that keeps the worry at a reasonable level.

For those who have participated in one, how did you feel after you sent the money? What were your expectations? How did the first year or two go?