Best Practices for Approaching Friends and Network for Investment

[Chris Fennimore]

Hi, quick backstory, my partner and I have 50 units in NM and have raised money with family and close friends.  We'd like to bring in debt partners on some of our places we've owned for 1 year to 6 months to free up our cash to buy more places.  

I'm going to be reaching out to my broader circle of friends, classmates, etc. and was looking for advice on how best to approach them. I've put together a prospectus that I think is pretty thorough.  We can show actual financials vs. pro forma numbers albeit for a shorter time period.  Some of them know I've been investing in real estate in my free time (read: part time job), others don't.  I want to find a tact that respect their friendship, but also shows that I'm a professional even though I don't do it full time and this is a well-thought out investment.   If anyone has some good suggestions on how they've approached things that would be great!

Thanks.

[Darren Eady]

This has been my business for the past seven years.  I'd be happy to speak with you but am out playing until August 10th.  There are a couple of ways to go about it, but I imagine I'll save you six months to a year of your life with the looking I've already done and system I've used.