Regarding Syndicator and Credibility

[Andrew Choi]

I am curious about syndication and their process. 

What are some ways to research the credibility of the syndicators and their past history? As much as I would love to put my money in syndication after looking at the presentations and videos, it is difficult to hand over the money without the research.

What are some steps as an investor starting to look at syndication deals for the first time? 

Thank you. 

Andrew 

[Account Closed]

@Andrew Choi some of my first time investors will ask for a list of up to 6 investors that have previously invested in some of my deals.  They call those investors and some have even gone as far as asking those investors for their references or for the contacts of other investors they know that have worked with me in the past.  They take that extra step to make sure that I am not just giving them phony references.

It's also important to ask for the list of projects that they have completed in the last 24-36 months.  Go visit those projects, many are happy to give you a tour of existing properties.  Also speak to the banks involved in those deals.

One last and often overlooked but super important step is to conduct criminal background check as well as run the credit report.  You're not looking for minor violations, what you're interested in is any fraud related records, bankruptcies or signs of financial distress. 

Best of Luck!