First Steps When Raising A Fund

[Orlundo Hubbard]

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

[Chris Seveney]

Quote from @Orlundo Hubbard:

Quote from @Chris Seveney:

Quote from @Orlundo Hubbard:

Hey y'all! Orlundo from Austin, Texas! I have a hyper-focus on raising a fund to buy commercial properties and I was wondering what you all suggest the first step to take would be. 

I've heard the first thing that I should have my attention on is finding a good deal. Also, is no money down really something that is possible?

Thanks!

 First step is to have 5 years+ of experience in buying, managing and selling commercial properties. You can get that experience by working for a commercial real estate developer / owner / operator

 So, there's no way I can start on my own? Even if I have good deals?

 you can try, but I can tell you people who have been doing this for 20+ years also have really good deals and are struggling to raise money right now for deals, and they are also contributing a significant amount of money to the deal. 

I always use the airplane example - would you fly in a plane wiht someone who has never flown before even if they say "I have a good plane". you mayhave good deals, but how do you manage them? Not being a pessimist being a realist as you can find 10 gurus who will charge you $10k to tell you how easy it is, but its not.