Updated over 4 years ago on . Most recent reply
Capital Raising Feedback
Hi all -- I'm wanting to be part of capital raising and I'm wondering about your experience. Would you mind sharing your experience of first capital raising? How did you add individuals to your database?
Looking forward to your responses!
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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#5 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
@Brian Choi, friends and family will always be your first source. And continue along that line as Spencer mentioned.
But I will add, you also add people to your database through marketing. When you are starting out, you better have a very compelling story to convince complete strangers to invest (very hard, but not impossible). You easiest capital will come from your existing network.
And partnerships. I have heard of many deals where the GP group is 8-10 partners, and that is almost always because of equity needs, and sometimes balance sheet needs.