I am interested in learning to raise private capital so or how I can get my first mutli family or comemrical cash flow deal in the works i drive a forklift lol im tired i know what i want to do and thats be a multi familu landlord of around 6000 units and get 52 million worth of cash flowing assets
As a first time commercial investor I have a serious question  how would I go about raising capital for down payment on commemrcial or mutli family deals and bring the right talent and partnerships to the table   from 0 dollars to syndicating or owning a sec reg d fund   jv partnership what is the most efficient way to get into large multi family deal  i have a ten year goal to do what i mentioned above im start utilizing credit and business credit soon i also have some other half cooked plans  but any advice would be appreciated
[{"id": "g8g7xzd", "text": "I would start by learning to write coherently.", "replies": [{"id": "g8g89dw", "text": "I wrote this while driving but thanks for the input will update later when not operating heavy equipment", "replies": [{"id": "g8ggdn6", "text": "In that case, I would start by not typing paragraphs while operating heavy equipment.", "replies": [{"id": "g8gx34i", "text": "But those YouTube fail video views...", "replies": [], "depth": 4}, {"id": "g8h5919", "text": "What is wrong with writing out a $52M business plan while driving heavy equipment and talking into a cell phone without benefit of punctuation, all while being 18 years old?", "replies": [], "depth": 4}], "depth": 3}, {"id": "g8gzs3u", "text": "&gt; I wrote this while driving\n\nWhat the hell man. This question could wait.", "replies": [{"id": "g8i02d1", "text": "hell no man time is money duuuurrrr", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g8gaght", "text": "Why only 6,000 units? You are capable of way more then 52 million of cash flowing assets!", "replies": [{"id": "g8gav5e", "text": "Thank you how many do you currently own? What type of asset protection do u have in place?  How were u able to raise money for your deals?  What have been some of ur profound expirences and various ways u have accommodated ur goals sorry i am on heavy equient at the moment  its 1 am for me  long hours neber enough time or pay", "replies": [], "depth": 2}], "depth": 1}, {"id": "g8gsozk", "text": "My goal is to have 600,000 units cash flowing 6 billion, if you find someone to lend you money for your dreams can you cut me in on the deal so I can live my dreams too?", "replies": [{"id": "g8gxafo", "text": "If you don't visualize owning all the real estate ever, with the whole population of Earth as tenants, you are underselling your dreams.\n\nHashtag TheSecret", "replies": [{"id": "g8gznzv", "text": "Good point! #visionboard #outofmyfuckingmind", "replies": [{"id": "g8h10yr", "text": "Hate to ruin your dreams, but some of us have already added \"Landlord of the Moon and Mars\" to our list\n\nHashtag StreetsAhead", "replies": [{"id": "g8k7r2j", "text": "Petty you guys think about planets I want to own this known universe \n\nHashtag it\u2019s Brittany bitch", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "g8horni", "text": "Good deals always find money", "replies": [], "depth": 2}, {"id": "g8i17et", "text": "There are reasonable tax structures and ways to. Raise money im lookimg to gain expirence u should do the same  if that's ur goal i have a ten year goal maybe 15 idk yet  or how im going to get there but I know  its going to be a process looking into raising capital is the first solution for me  there will be no magic easy button  for this and I know it  i also know what i want and that im willing to sacrifice everything and keep failing until i get the right information  and resources i need without getting my self legally fucked or wasting other people's time or money", "replies": [], "depth": 2}], "depth": 1}, {"id": "g8gy12f", "text": "1. What do you specifically bring to such a deal that the others you mention don't already have among themselves without you?\n\n2. See question 1.", "replies": [], "depth": 1}, {"id": "g8h4p0t", "text": "You'll need to know this for contracts: \n\n[https://en.wikipedia.org/wiki/Punctuation](https://en.wikipedia.org/wiki/Punctuation)", "replies": [{"id": "g8i21mn", "text": "Yes contacts must be proof read and draft properly then reviewed by a lawyer", "replies": [{"id": "g8l33xb", "text": "The point I was making is that YOU need to start using proper punctuation, your post is a wall of gibberish text with no punctuation. This is a minimum requirement in business transactions.", "replies": [{"id": "g8lqh99", "text": "This is reddit bro is it jr obligation to be am English teacher some ppl have lesrning disability ect like dyslexia  get over urselfdo u see me asking about ad copy or for an English lesson on a language that is made up and punctuation that is made up for what purpose  to clearly define what bullshit ur like one in 30 ppl who think this is gibberish or try to push ur perceptions  about punctuation of on other people if i don't wanna use punctuation that's what a proof reader is for im do as i please thank you if its not positively constructive criticisims and not a waste of my time like I am doing for both of us now as u have done for me ty have a blessed life please don't waste either of our time this is a fucking forum if i wanna type gibberish i so will", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g8h5v1l", "text": "Jesus", "replies": [], "depth": 1}, {"id": "g8h8069", "text": "Start small and don\u2019t quit your job (yet).  Start with a friends and family round a buy one 4-6 unit MF. Once you see a little success more and more people will want to invest and eventually you will work your way up to commercial equity investments.  \n\nFrankly, if you are driving a forklift I would invest in a product closer to your knowledge base.  Have you considered and industrial warehouse or the non commercial brother self storage?\n\nGood luck.", "replies": [{"id": "g8i1r64", "text": "I am in the process of buying my first apartment complex using a fha first time buyers grant to live in and house hack  and  and yes I have started thinking of commerical rei do not know were to start for evaluation amy information or direction u could send me in to learn more about commerical acqustions and underwrighting of deals or even a commercial lender that wouldn't mind teaching me there perspective on lending for a deal like that Would greatly be appreciated i do not want to be licensed broker or realtor tho just want to own i beleive that through real estate and acquiring wealth i can do much good for myself and one day  give back to the community one of those goals currently is a food bank and another is to help the homeless vet population   i have to learn this stuff so that i can be able to create these opportunities later down the road", "replies": [{"id": "g8ij1jv", "text": "I hear good things about Adventures in CRE but haven\u2019t tried it myself.  My background is brokerage and then move to the principal side a number of years ago. Crexi is a good free site for commercial listings and you can track what is being sold in your area and for how much.  If you want to learn more about commercial lending I would reach out to someone at your local bank, they likely do some smaller commercial lending and will be able to walk you through that process.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g8hv6wj", "text": "Have you been watching the apartment building gurus say how easy it is to raise private money to buy large apartment buildings? They do that to mainly sell courses and mentoring, they don't give the realities of taking care of your investors who trust you with their money. Here's a classic case of a guy who lied about his credentials and ability to manage a lot of rental units by grossly exaggerating how many he really owned and then conned people at commercial real estate networking events into giving him money to buy 3 apartment complexes in Greensboro, NC and let them start to fail because he didn't know how to properly manage them: https://triad-city-beat.com/as-apartments-fall-into-disrepair-owner-moves-to-next-investment/?amp\n\nLearn your craft thoroughly before taking private investor money, especially if they're family, friends, and anyone else with whom you want to maintain a good relationship. You can't just go to a few guru trainings and think you'll be able to handle this well.", "replies": [{"id": "g8hyl0y", "text": "Yeah see that is why im here asking questions integrity  and transparency are two  of the  qualities I respect the most  what would u suggest to learn about managing larger apartment complexes", "replies": [{"id": "g8i13bl", "text": "What state are you in? I'm in SC where it's relatively investor-friendly so it's relatively easy (relative to other states that make real estate investing a bit more difficult than, say, in MD) to buy rental units creatively.", "replies": [{"id": "g8i3zo4", "text": "I live in Southern  cali  and I know some decent hard money lenders and stuff like that to  i want to show the capacity and read up on information to steadily progress into hands on learning and grow i have a very long term plan real estate is super high here problem with fha use i don't want to move to a cheaper market and loose job stability ive built here", "replies": [], "depth": 4}, {"id": "g8i46w1", "text": "I am also looking itno establishing a reg d  or something that will allow.me to bring in investors", "replies": [{"id": "g8ia3ru", "text": "The news story I posted the link to featured a guy who learned how to legally protect himself using Reg D but he still screwed his investors. It will be very difficult to sue him or have him indicted even with his blatant incompetence at handling those deals. He just wanted the money up front without caring about his investors. Is that along your line of thinking?\n\nIt's easy, albeit expensive, to establish a private placement memorandum and stay in compliance with Reg D. But it's not so easy getting the credibility (honestly, not dishonestly like the guy in the news story) to be able to raise those funds from private investors and then manage the money responsibly.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gf3v5x9", "text": "Unlike these other guys, I really appreciate your willpower, and not many people trying to enter the industry take time to learn about important things like Reg D private placements. Looking at your other posts, it seems like you have quite a story. My thoughts though:\n\n&amp;#x200B;\n\nInvestors want skin in the game. They want to hold you, as the general partner, as accountable as possible for delivering their required returns, and they'll see no confidence in doing so if you have nothing to lose. You would have to contribute at least 5-10% of the capital to the fund or deal, but considering you do not have a track record, it will probably be much more. Bringing zero dollars to the table is simply not an option. Placement agents will treat you as a joke, and so will securities lawyers (good luck affording one too, even mine is over $60k just to keep on retainer).\n\nYour down payment for an acquisition is going to be at least 35-40%, and definitely more if you have no track record, historical cash flows, or other real holdings. Not only does this make the capital raise more difficult, but it also lowers your returns.\n\nThen a ten-year goal to amass $52mm in assets is a joke. Typical holds are 5-7 years for a single property (my company isn't in multifamily, but I assume it would be similar), and even a refinance won't get you a sufficient down payment for a significantly more expensive property.\n\nMy advice would be to find a way to 1) make enough money to contribute to an acquisition as a sponsor, 2) have cash flows to show to the bank. Best way to do this is to start a business outside of commercial real estate and then break into the industry (and by then, you might have assets to collateralize a loan and a network of potential investors). And grammar and punctuation, work on that to the best of your ability.\n\n&amp;#x200B;\n\nAlso:\n\n[https://journal.imse.com/12-famous-people-who-struggled-with-dyslexia-before-changing-the-world/](https://journal.imse.com/12-famous-people-who-struggled-with-dyslexia-before-changing-the-world/)", "replies": [{"id": "gf6o9ms", "text": "Thank you and I will check this out in going to head to san Diego in the coming weeks to get with a builder who raises private capital I have partners with experience I have networked for a little over two years very interested to see what I can creatively. Accomplish I wanna believe there is a way I can succeed without any money in the beginning it may take more effort it may be harder but I set out to create opportunity", "replies": [{"id": "gf7gx36", "text": "If you are so persistent on moving forward in the business without money, explore the option of obtaining master lease agreements with small duplexes or other properties. I'm sure there's plenty of information online that you can use to educate yourself on MLAs. Best of luck and be well.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]