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Updated almost 5 years ago on . Most recent reply

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Lamont Marable
  • Real Estate Investor
  • Waldorf, MD
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He is new to Syndication though...

Lamont Marable
  • Real Estate Investor
  • Waldorf, MD
Posted

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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Brian Burke
#1 Multi-Family and Apartment Investing Contributor
  • Investor
  • Santa Rosa, CA
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Brian Burke
#1 Multi-Family and Apartment Investing Contributor
  • Investor
  • Santa Rosa, CA
Replied

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...

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