Suggestions for raising private capital
I’ve been brainstorming leads for private capital, but I wanted to see if y’all had any other suggestions.
Family was my first though, obviously. Parishioners from my church.
Friends of my parents.
What else am I missing?
Most Popular Reply
I don't do business with family/friends, so I've made the relations purely through my professional network. Starting with BP, LinkedIn, real estate mastermind groups, Twitter, etc. It's a slow game, and my philosophy is that I'm trying to build a relationship, not a capital partner relation. If the relation ends up evolving to the point where we partner on a deal, then great, but otherwise I'm just expanding my professional network. I think the dividends will yield greater returns in the long term with a long term mindset.
For an imminent deal you have, friends/family and communities you're already a part of can be a great way for many people as they've already got the trust and know you on a personal level.