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Updated over 5 years ago,

User Stats

4
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5
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Tyler Morrison
  • Winooski, VT
5
Votes |
4
Posts

Raising Capital ideas

Tyler Morrison
  • Winooski, VT
Posted

I am currently putting together a deal on a 4-plex in my area that I found about a month ago.  Its a solid deal that involves finding a capital partner for the ~$150-200k down payment and someone with good credit to purchase the rest of the investment through the bank.  I found parties necessary and am now proceeding down the purchasing path.

Owning a moving company, its no secret that I want to enter into the Self Storage industry.  While networking a couple months back, I made a great contact and asked him to call me if they ever needed anything.  I recently got a call from him giving me what looks like some pretty good terms on a deal worth about $6-6.8M.  The terms are; raise $2M for the down payment on the property and in exchange that investor will own 75% of the property.  I will receive a couple of ownership percentage points in exchange for putting this deal together.  I have a couple of interested parties but know that they do not have Millions in savings.  People I do know with Millions laying around either don't take my calls regularly or take a couple of weeks to set up a meeting.  I'm wondering how people would go about increasing the network of wealth around you quickly?  I can and will certainly increase the network of wealth around me over time but am trying to do it quickly to set this self Storage deal up quickly.

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