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Updated about 7 years ago on . Most recent reply

User Stats

146
Posts
30
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Dennis Johnson
  • Investor
  • Villa Rica, GA
30
Votes |
146
Posts

Finding investors for syndication

Dennis Johnson
  • Investor
  • Villa Rica, GA
Posted

Viewing all the forums and talking to various people, how can a person attract potential investors to his or her opportunities, talking to friends and family is good for small investments that makes since but if you have a high value opportunity and the numbers make since how can a person attract those type of investors.   I understand all deals are not attractive to every investor so how can we move to action and get past the cliche of find the deal and the money will come.  

Most Popular Reply

User Stats

478
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388
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Chris Tracy
  • Specialist
  • Plainville, CT
388
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478
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Chris Tracy
  • Specialist
  • Plainville, CT
Replied

@Dennis Johnson- Raising private money is a grind and you basically just need to put the work in and build up your credibility.  It's all about credibility.  

Join your local Chamber of Commerce, The Rotary Club and just go where people that have money hang-out.  

You could also do presentations about how awesome it is to invest in apartments at a conference room, library, etc in your community.  For example- next month I am doing a presentation at a Total Wine in West Hartford, CT.  It's free to get a room for speaking if you are planning on just having a small crowd.  I am going to buy some Facebook ads to drive traffic to that event (recommended here: https://www.biggerpockets.com/renewsblog/biggerpoc...) and people will be able to come, meet me, learn about how we can potentially work together, etc relax and have a little wine! (Total Wine offers free wine tasting)  I plan to do this rinse and repeat and eventually people will tell their friends and I will grow an audience.

You ultimately want to be "the go-to-guy" in your area for investing in real estate.

Start a podcast.

Write a book (it's easier than you think).

Those things will also increase your credibility in the eyes of others.

If you could link up with another well-established group, see how you can add value, and ride their coattails that would help your credibility big time.

Go to real estate investing seminars too like ones held by guys like Brad Sumrock, @Joe Fairless, Dave Lindahl, etc.  There are investors there, as well as people that will sponsor your deals.

There are many ways to overcome the cliche' my friend.

Do some of the options I mentioned take effort and some money? Of course

But how bad do you want it?

And don't overlook this goldmine that you have right in front of you- this forum!

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