He is new to Syndication though...
Would you invest with a Sponsor with no track record BUT has a mentor with over 28 successful syndicated deals? Extremely trustworthy and sharp with over 5 years of experience in wholesaling and flipping but new to syndication. I trust him but what would you do? Would you entertain a listen or pass based on a lack of experience?
Let me know BP.
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I'd probably pass. Why take the risk when there are better options?
Being a sponsor isn't just about skill--it's also about financial strength. The mentor can help the sponsor fill the knowledge gap, but will they step in and write a check when things aren't going well? Probably not...