All Forum Posts by: Patrick Nickerson

@Mahmoud Y. Elhalawany we aren't buying to much SFR anymore - only multi. But I've done a little bit of wholesaling my self. Most of the deals fell in our lap. But Im seriously considering diving deeper into it and would love to hear about your successes and best practices! I'll send you a connect request!

@Samuel Albert Hey man! I’m happy to help, answer questions, and connect. I love helping and seeing other people grow and do well! Maybe sometime we can grab drinks sometime. I’ll shoot you a message.

Thanks so much for the information! Great stuff to remember as we embark further into fundraising!

@Guifre Mora awesome information! Thanks for responding! You sound well versed in this area? 

In your experience have you ever seen hard money partnered with 506b/c funds?

@Chris Salerno sent you a request to connect! Looking forward to connecting! Not sure who Jerome is but I always love connecting and meeting with those close by!

Can anyone share their experience with private money? What has your experience been with rates, prepayment,  etc? Whats the best way to find a private investor?

How does this compare to hard money lenders?

Any help/response is greatly appreciated!

Can anyone share their experience with private money? What has your experience been with rates, prepayment, etc etc? Whats the best way to find a private investor?

How does this compare to hard money lenders?

Any help/response is greatly appreciated!

Stuart, would love to connect. I actually just launched a 506b fund for my company Keystone Capital Group. We are about 40% raised on a small $2M fund. We are in NC and most of the investors so far are from NC, SC, and VA. But the fund accepts from all over.

There is a lot of good information posted well before my input. If you wanted to be a part of the raise for my fund, we are certainly looking for strategic partners to help raise capital. If you have questions about launching your own fund Id most certainly be happy to share with you the journey and details of whats involved in doing so - so that you may launch one your self if you feel ready!! Let me know!

Hey everyone! I am working on a deal right now that is a 72 unit new construction with surrounding land that could be purchased down the road to add another 125 units. In total the current 506B real estate fund is a $2M dollar fund. Im proud to say that the fund is 40% raised - but I have a long way to go and its proiving to be quite the challenge! The fund is going towards acquisition costs and principal. 

a little bit of info on the fund....

8% annual
2.5 equity multiple
5-7 year fund
Minimum $10k investment
1% acq, 1% mgmt, 1% disposition fee

Anybody out there have any contacts or know anyone that could help with the capital raising?

Anybody out there have any experience successfully managing a crowdfund type acquisition? Any recommendations or best practices?

Hey guys! My name is Patrick. I am an investor in the Greensboro NC area. Im new to BiggerPockets so forgive me if my profile is not updated when you view it!

I have a wealth of experience in real estate which encompasses fix/flip, long term rentals, buy/holds, wholesale, and multi family rentals!
My experience includes owning as well as managing up to $2M in assets under management (at highest point 75 doors). In addition to owning and managing I am experience in developing and executing precise exit/disposition strategies.

I would love to connect with the following:

1) investors experienced with LARGE multi family
2) individuals experienced in raising money/capital for real acquisition funds
3) high volume wholesalers

Lets connect and see how we can add value to each others business ventures!