First Steps When Raising A Fund

[Orlundo Hubbard]

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

[Chris Seveney]

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.

[Chris Seveney]

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

[Orlundo Hubbard]

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

[Chris Seveney]

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.

[Orlundo Hubbard]

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.

 Gotcha. Yeah I’ve heard how hard it is to raise money right now. But, I’m not looking for easy, I’m looking for possible. Not really concerned with how long it takes, I plan on doing this for good no matter how long it takes.

[Jordan Moorhead]

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.

 Gotcha. Yeah I’ve heard how hard it is to raise money right now. But, I’m not looking for easy, I’m looking for possible. Not really concerned with how long it takes, I plan on doing this for good no matter how long it takes.

 How many deals have you done on your own? I think proving the concept with your own capital is extremely powerful.

[Aaron Gordy]

@Orlundo Hubbard What is your experience with commercial properties? In other words, what do you bring to the table for investors to back you? 

[Orlundo Hubbard]

Quote from @Jordan Moorhead:

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.

 Gotcha. Yeah I’ve heard how hard it is to raise money right now. But, I’m not looking for easy, I’m looking for possible. Not really concerned with how long it takes, I plan on doing this for good no matter how long it takes.

 How many deals have you done on your own? I think proving the concept with your own capital is extremely powerful.

 Totally! That makes a lot of sense. I'm currently wholesaling right now. But, I'm looking to buy and hold to build more of a track record.

[Orlundo Hubbard]

Quote from @Aaron Gordy:

@Orlundo Hubbard What is your experience with commercial properties? In other words, what do you bring to the table for investors to back you? 

 I've been under the impression that a good deal makes all of the difference. Am I wrong for this thought process?

[Aaron Gordy]

@Orlundo Hubbard

What has been your experience raising money using this method? It has been my experience that investors want to know credibility, capability and expertise before they invest with their hard earned capital. 

[Chris Seveney]

@Orlundo Hubbard

That is from all the gurus

If you have a good deal the money will come and continue to flow. That is not true

Also How confident are you it’s a good deal? What happens if it was not and you lose $. You think people will believe you for the next one?

[Orlundo Hubbard]

Quote from @Chris Seveney:

@Orlundo Hubbard

That is from all the gurus

If you have a good deal the money will come and continue to flow. That is not true

Also How confident are you it’s a good deal? What happens if it was not and you lose $. You think people will believe you for the next one?

 So the syndication model is not true? It's not possible without working under someone first?

[Orlundo Hubbard]

Quote from @Aaron Gordy:

@Orlundo Hubbard

What has been your experience raising money using this method? It has been my experience that investors want to know credibility, capability and expertise before they invest with their hard earned capital. 

 Gotcha. I see.Thank you!

[Jordan Moorhead]

Quote from @Orlundo Hubbard:

Quote from @Jordan Moorhead:

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.

 Gotcha. Yeah I’ve heard how hard it is to raise money right now. But, I’m not looking for easy, I’m looking for possible. Not really concerned with how long it takes, I plan on doing this for good no matter how long it takes.

 How many deals have you done on your own? I think proving the concept with your own capital is extremely powerful.

 Totally! That makes a lot of sense. I'm currently wholesaling right now. But, I'm looking to buy and hold to build more of a track record.

 Househacking has been the easiest low money down way to get started for me

[Orlundo Hubbard]

Quote from @Jordan Moorhead:

Quote from @Orlundo Hubbard:

Quote from @Jordan Moorhead:

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.

 Gotcha. Yeah I’ve heard how hard it is to raise money right now. But, I’m not looking for easy, I’m looking for possible. Not really concerned with how long it takes, I plan on doing this for good no matter how long it takes.

 How many deals have you done on your own? I think proving the concept with your own capital is extremely powerful.

 Totally! That makes a lot of sense. I'm currently wholesaling right now. But, I'm looking to buy and hold to build more of a track record.

 Househacking has been the easiest low money down way to get started for me

 That's definitely one method that I am looking into.