Looking to meet people who have raised capital before

Nashville, Tennessee
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Looking to meet people who have raised capital before

Nathaniel StokelyPro Member
New to Real Estate · Nashville, TN · Member since 2023 · 3 posts · 2 votes
Hi! I'm new to the Biggerpockets forums but have been around the Biggerpockets universe for a few years. I am a CPA and work at a Big 4 accounting firm doing financial due diligence. I started looking at real estate investing right after grad school but didn't have much capital of my own to start. I am now married with a 3-month old and have lived in our own home for a 2.5 years in Nashville. I would like to meet people who have had success raising capital by bringing on partners to their real estate deals. My wife and I have a goal to purchase our first investment property in 2026 and we are getting to point where it is financially feasible. However, in order to achieve the deal we're looking for, we would also need a financial partner. Any assistance and/or guidance would be greatly appreciated! Thanks!
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  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    9mo

    @Nathaniel Stokely

    hello and welcome.  your best "partner" for your first few deals is going to be a professional lender - either a bank, or maybe a hard money lender, if you're going to buy something distressed.

    i would not try to raise capital for a small purchase... it doesn't really make sense.

    i hope this helps.  or if i'm not understanding what you're proposing correctly please feel free to clarify.

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  • Stuart UdisPro Member
    Attorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
    9mo

    To echo what Nicholas said, the best and most affordable form of capital are banks. Consider FHA financing for your first property as well. If the leverage is used responsibly there's no better ROI on investment. From there build relationships with local community banks. They are relationships worth building and maintaining. Get your feet wet and gain experience owning property before taking money from source other than a lender. From there, expect the first capital raises to be your friends and family because they are the individuals who know and trust you. Use your initial purchases as case studies of how you can effectively manage their money and expectations responsibly.

    [email protected]
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  • Allan Smith
    Contractor · Nashville, TN · Member since 2014 · 1k+ posts · 1k+ votes
    9mo

    This is exactly how I started out. I raised down payments with co-signers to get rentals. 

    In the very early stages speak confidently. For example you ARE an investor not going to be. 

    and after that just tell everyone you know you give regular people above average returns with real estate as collateral when they ask what you do. Also come up with a reason to call friends and family and ask if they know anyone looking for a passive return with real estate as collateral. 

    If people are ever not interested move past it quickly. 

    I have 40 rental units and develop properties and started out this way. 

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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    9mo

    You are a CPA who works at the big four. Why do you need a partner for your first deal?
    You might be able to just a few more months to save a downpayment towards an investment property purchase.

    Alternatively, if you been putting money into a 401K, you can request a loan from your 401K that you can use towards the down payment.

    If you need a private loan, just mention to them what you will offer to them in exchange of the capital. Private loans for a first time investor might be tough for it to make sense.

    A lender will likely ask for 8% to 10% and if this is your first deal in real estate along with where we are in the market, you might not make 8% to 10% in the deal.

    [email protected]917-280-8544
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  • Aaron ZimmermanBusiness Member
    Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
    9mo

    I would consider investing on your own first if you can. I know you mentioned a new born so perhaps house hacking is out. However, can you buy a multi family in a nearby area? How much does that cost? And how much do you have saved up?

    If you're looking for a partner, I'd consider having an operating agreement with clear responsibilities. I was more of the money partner and my partner has to contribute a monthly amount that's significant to him. 

    [email protected]
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  • Matthew Bernal
    Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes
    8mo

    Congrats on getting to a place where your first investment is becoming realistic. Welcome to BP
    when it comes to structuring and risk assessment, your Big 4 diligence experience puts you ahead of most first-time investors. What I feel that early partnerships work best when expectations and timelines are clearly defined from the start.

    Curious what asset class or strategy you are targeting for that first deal? 

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