I raised $750,000 from private investors....

[Mitchell Pollard]

I thought the hardest part of syndicating would be raising money. But now that I have the verbal commitments from private investors, I can’t find a deal! (apartments: value add & turn key) Any tips?

[John Casmon]

@Mitchell Pollard First off congratulations. Second, and I hate to pour cold water on this thread, but the title is misleading as you didn't raise $750k if no one has signed a check over to you. The only reason I'm bringing this up is a big mistake first-time syndicators make is going off of verbal commitments without an actual deal in hand. You need the deal PLUS verbal commitments on that deal before you have a good sense of what you've raised. And even still you need to raise above the amount committed.

But you didn't ask about that, you asked about finding deals. Find brokers in your areas that have deals the size you are seeking. Find where owners go to network, whether it's a meetup, REIA or apartment owners group. Ask Property Managers or other vendors. Roofers, plumbers, electricians (INSPECTORS!!!) may know which building owners are just trying to fix something up to be done with it.

@Joe Fairless has a free download on his website of 24 ways to find off-market deals which may be helpful.