Raising Private Capital

[Jesse Nguyen]

Hello there everyone!

My name is Jesse and I'm a real estate investor and I'm doing a partnership with a friend in St. Louis who worked as a wholesaler for the last two years and now we're transitioning into the buy and hold game. My partner is finding extremely juicy deals with 35-50% equity capture after renovations but, we keep having to turn these properties away because we can't get our private financing in line quick enough. The deal flow is there but the private capital flow isn't quite there yet.

Do you guys have any tips on raising private capital? I've had about 10 meetings with friends that have known me for about 1-2 years over these last 2 weeks and I believe only 2 of them have expressed interest in investing in those STL projects as private money lenders.

My partner and I current have 7 units in our portfolio and we're looking to expand our portfolio to 150 units in 2020 but, to do this, we need to raise about $5 million.