ASK MIKE MONDAYS - Michael, a new apartment syndicator wants me to invest into her deal, but she was not going to invest any of her own money into the deal; what do you think of that?

Michael shares his opinion of a syndicator that doesn't put any of their own funds into a deal, but wants you to invest your money. Some new apartment syndicators or new managing members are under the impression that they do not need to put any of their own money into a deal that they are putting together. Michael, gives a lending war story or two from years ago when he was a banker.