I have raised funds right from BP and from networking events. I'd recommend creating nice packages for your projects and meeting more and more real estate investors and tell them how you would like to work together. You can search up local real estate investors and connect with them to meet up with them in person.
I would say being intentional about finding partners+lenders is the a way to go about it. You could reach out to them through BP and try to find someone who is willing to partner with you- as mentioned already coming up with a package/presentation of the deal will make this process a lot smoother and easier. You may hear a lot of no's but like many things in RE it is a numbers game.
@Laith Faouri, real estate is like any other business: you create a business plan outlining the business plan, the opportunity, the financial projections, your expertise, etc. Basically show investors why they should invest with you.
Once you have that, you start with your network and letting people know what it is you are doing and why. Your early investors will almost always be those closest to you that you have a relationship with.
But finding new investors is marketing and building your network. Meetups, networking events, connecting with people here, are all ways to grow your network. Lastly, you may have to consult with compliance and securities attorneys to make sure you are not doing anything outside of the rules.
@Antoine Martel Thanks for the advice. I’m in the early stages do you think you could send me a sample package to see how I could put everything together and present it?
@Laith Faouri There are private money lenders that will lend on ground up construction. If you can pull it off by yourself this option is cheaper than doing a JV in the long run.
You need a few developers to chime in here regarding the funding / financing.
Maybe share more details on the property and scope of the improvements.
Feel free to reach out if you need to test any ideas on the design and construction. I’ve done several design build projects over here on the west coast.