What’s the best way to raise capital for real estate deals?
I’m hoping to get some advice on where the best place to go to raise capital for real estate deals. I work with 2 others and we’ve found a niche area that is hot for short term rentals. We’ve got 2 commercial deals going (3 houses / 13 houses (Bascially airbnbs) on each deal. While we have reached out to friends, I’m starting to feel like I’m only calling them hoping to raise money. Are there groups that would be more interested that I could reach out too that want to hear more about real estate? I hoping to keep friends friends and investors investors without jumbling the two.. appreciate the advice!
[{"id": "im5nde4", "text": "You can find equity syndicators that have access to capital. You\u2019ll pay fees and they will be able to dictate a lot of the business points of your deal with them but as the saying goes 50% of something is better than 100% of nothing.", "replies": [], "depth": 1}, {"id": "im75efj", "text": "I used to think family and friends but really it\u2019s the pricks you work with. Other R/E professionals that have just as much, if not more experience than you do. They\u2019re your second set of eyes too. When you get a bit older and set on slowing down in favor of family life and balance, you\u2019ll happily pay to have partners.", "replies": [], "depth": 1}, {"id": "im7v42x", "text": "Call your friends and family. Don\u2019t lose their money or your life will suck.", "replies": [], "depth": 1}, {"id": "im9c7no", "text": "If it\u2019s a good deal, then there\u2019s no shortage of money. \n\nHow much are you raising?", "replies": [{"id": "imk17k6", "text": "220000 at the moment. Have started to bite the bullet and lean on friends and family. I guess my questions is who could I lean on outside of my network. Guess the easy questions is friends networks / so forth.", "replies": [], "depth": 2}], "depth": 1}]