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?
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.
Thanks Ujwal. I’ve always heard don’t do business with family and friends, so I’ve kept that in the back of my head. Although, I’m still pretty young and haven’t immersed myself enough into professional life to have a massive network. I’m think family and friends might have to be my route for the next couple years until I can branch out more.
It's tough to have people trust in you enough to give you a couple 100g's when you are young , haha.
I am in the same situation as you so I cant offer too much good advice but I think family is probably our best bet when starting out.
Maybe not with straight cash but you can always get someone to co-sign on a mortgage.
Shoot me a message if you would like to chat some more. I always down to talk some shop!
@John Carlin Network on BP. Show your passion and deal ideas to prospective investors to persuade them. Best of luck in all your endeavors.