Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 9 years ago

Our Crowdfunding Network Is Growing Part 83

We're negotiating the terms for what may be our first third party raise.  This is a local developer I know and trust.  The deal would be for a 41-unit development.  Phase I would be roughly a $1M raise and we'd probably take between $100k and $400k of this to offer it to investors.  

Our technology revamp is underway.  We're scheduling interviews for developers to work full time on our new site.  This would drastically accelerate our company's growth and support our marketing team so we can really start growing our investor base.  

There is a IMN event in September I am trying to decide if I want to go to.  It would be good to go to a better event to see what is happening with A+.  This all seems to be stuck in legal wrangling now.  

Overall things are going well.  I hope that the second half of this year we'll really experience some nice growth in our portal and really start to solidify solid investor relationships.  I am negotiating a large line of credit with lenders over the next few months too, which should allow us to do larger development deals on our own without JV partners.  This should hopefully give us more projects for our portal as well.  


Comments