Appropriate response time from syndicators.

[Parker Pattschull]

New syndication investor here. I have been reaching out and evaluating a few different sponsors. Most sponsors returned my initial message/email within a couple of days. One sponsor has not responded at all. And one other, and what brings me here, is hit and miss.

I emailed this company, and the initial response only took 1 day to respond. However, the follow up questions I have had are yet to be answered. It has been 8 days since my follow up question. I even considered maybe that wasn't the best email to communicate with them through, so I sent a message via their website that states are for any questions. Furthermore, I noticed that any initial email I sent out to a sponsor was responded with them encouraging me to set up a time to discuss the business with them. The company in question did not, and more so, gave a sense of urgency for me to pledge my interest in the deal as its first come first serve. 

I've heard reliable reviews on this company and was optimistic I would be able to trust them. I'm sure the company is fine and want to give them the benefit of the doubt. But, in general, what is an appropriate response time, and are there any red flags here?  TIA!

[Dan H.]

Some thoughts:

- @Brian Burke insight on syndications should be highly regarded.

- BP recently introduced passive pockets. 
- ideally every operator is sound at all aspects of being an operator, but there are operators who are outstanding at the operational side that are a bit lacking on the communication side.  Note I am not stating I find this ideal, but if an operator has outstanding performance record, I may be able to tolerate sub-par communication.  One of my sponsors definitely could communicate better.
- there is a reason investing in syndication have the restrictions that they do.   They are high risk.  Be careful of investing based on existing relationship.   Actually, be careful investing in any syndication.  
- my belief is investing 10% of net worth in syndications is investing too much in syndications even if this is across multiple syndications.  
- only invest in syndications what you are able to lose.

Good luck