Real Estate Broker · Fargo ND · Member since 2022 · 23 posts · 6 votes
Hey guys - Had a question come up this week from a friend. What REI communities exist that are great for finding capital partners? AKA people that want to partner with an active operator/manager so they can invest money passively. Any good insight?
@Kyle Reedstrom, there is no one "honey pot" that I have found in my years raising capital.
Friends and family are always the best places to start. Referrals from them. As noted, BiggerPockets or Passive Pockets. I know more than a few syndicators that lean into their religious/church groups for investors. I have spoken to people that are avid pickleball players and found investors through that network, there are a good number of "lifestyle clubs" like GoBundance, Lifestyle Investor, Tiger21 people have raised money from. But, typically it is all of these pulled together. A couple hundred thousand from friends and family, a couple hundred from church, a couple hundred from recreational sports, etc.
And, like all good sales, they never start with an ask (or very rarely). Typically it is join them, build the relationships, and over time attract capital into your deals over time.
Great question! A lot of investors are looking for exactly that, ways to partner passively with experienced operators. BiggerPockets has some good networking, but more curated communities can be really helpful too. For example, I help run SparkRental’s Co-Investing Club (it’s free to join now), where we connect passive investors with operators across different asset classes. It’s been a great way for people to diversify and build income without having to be fully hands-on.
Hey guys - Had a question come up this week from a friend. What REI communities exist that are great for finding capital partners? AKA people that want to partner with an active operator/manager so they can invest money passively. Any good insight?
There are a lot of good groups out there, but I will note it comes down to being able to sell. Some of the groups mentioned in this forum I have been to or been in and if you are not good in sales, it will be challenging. I was in a group of people with well over $1B net worth and I think I have 1 investor from that group out of the 800+ investors we have because many people in that group look for the homerun deals. So its about finding the "right group" that aligns with you.