Raising Capital for Multifamily Deals

[Brian Wheeler]

I am actively seeking out multi family deals and will raise capital from investors to acquire bigger cash flow deals. If anyone has actual experience raising money for 20+ unit apartment deals, should I find my deal first then approach investors? Or should I approach investors now, get in front of them so we build that relationship ahead of time? I would appreciate advice only from those who have experience raising money or investors who have been approached by someone and have invested in deals.

Thank you,

Brian

[Brian Adams]

@Brian Wheeler you need to be doing both at the same time.

When I first started I made this business way to hard. 

Keep it simple and realize that at the end of the day our business boils down to Two things:

DEALS  AND DOLLARS

What I mean is you need a killer deal to show your investors (Dollars) and you need the investors to fund your Deal. 

Everyone knows this of course...

If you spend all your time searching for a killer deal and try to raise money after you have something, there is a higher probability that your killer deal will be scooped by someone who can close.

This happened to me several times, it really stinks to lose a good deal.

In summary, you will need to look at how much time you can devote to this business, carve up your day or week into chunks of time. For example, today I will spend 2 hours researching 20+ unit deals in my target market, call brokers, underwrite assets, make offers, etc.

Tomorrow I will spend 2 hours networking with investors, making calls, schedule meetings, etc.

Your big picture focus is on Deals and Dollars, the other pieces will come together.

Hope the above is helpful to you, good luck!!