advice on raising capitol for the first time

[Benjamin Cohen]

Hello everyone! 

Hope everyone is doing well! Just wanted to reach out here and ask for some advice. I was just given permission by a key sponsor (my mentor) of a larger apartment deal to raise capitol to get a % of the GP and I have a very limited personal network. Other than involving close friends and family, how would, say, a veteran or more experienced investor go about raising capitol. This deal is bang on the money, value-add asset in Houston and the capitol raise needed is 6 million. 

This is very exciting but also overwhelming and somewhat intimidating. Any ideas or recommendations on how to tackle this as a newbie? 

[E. C. "Stony" Stonebraker]

@Benjamin Cohen.  How much of the $6M raise are you expected to raise?  Normally, when starting out, it turns out to be a bigger challenge than people think.  You have to build a reputation for experience, knowledge and trust which takes some time.  

I'd recommend you read Hunter Thompson's book "Raising Capital for Real Estate."  It has a lot of very good advice from a successful capital raiser.  Good luck!