Raising Money for a new devlopment

[Anthony Caleca]

Hey so i have posted about 2 or 3 months ago about getting into the devlopment side of real estate with my father, we where looking to devlop a small to medium size luxury complex in NYC (where we live) but raising money has seem next to impossible. I am not going to lie i kind of have no direction what so ever on how to raise or obtain the money for a project like this, so we decided to start off on a much smaller scale and start with single family home since it will require a lot less money. The thing is i am trying to research and learn how to raise money, i have reached out to numerous major Developers in NYC who all speailize in the projects we are eventually trying to get into, but either never get response or they agree to meet and then cancel on me.

what i have learned though is that nobodys going to give us money based just of an idea, people who are serious about giving money want to see exact projects and numbers, so they can perform their own due dilligence and see if the numbers work and the deal is actually capeable (which i understand completley) but the problem is no major broker will entertain the thought of wasting time to find deals or show us properties to someone who does not have serious capital to purchase them.

so pretty much brokers wont find or show me properties because i dont have money, and investors wont give me money because i do not have a solid property to show them. I am so lost and have no direction and do not know where to go from here. Thats why im trying to reach out to local devlopers to ask them questions and pick their brains. Please help be honest with me I do not mind critizism or advice. This is my passion and will refuse to give up so any advice or critizism helps!