If you’re raising money or investing passively, there are some key things to look out for with syndications:
- Make sure the business structure is set up properly to protect everyone’s investment.
- Find the right attorney for the job.
- Don’t wait to set up the structure and find your attorney. Pre-plan!
- Look for commissions paid to capital raisers. Avoid doing this and investing in these types of deals.
- Too little capital. You want to be sure that enough money is raised for success. Too much money is better than not enough.
- Paying out phantom returns to investors. This is a great way to get fooled/fool others. Many syndicators raise extra capital and then do distributions to investors pretending the extra capital they’re distributing is profit.
- Have a good debt structure.
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