All Forum Posts by: Dan Genzel

First, invest in some real world education and eliminate the mistake of trying to learn this business through a book, special report, youtube videos, or weekend seminar in Vegas. Not sure you will find someone who will mentor you for free - more trouble than it's worth - speaking from experience as you have no skin in the game.  I've syndicated 30 deals $85m and did it the "hard way"...there is a easier process!

Get out and start talking to people in your "inner circle".  i.e. friends of your parents etc.  It's a lot simpler than you think (notice I didn't say easy) to find 25 people with $10k.  Understand what they want i.e apartments, self storage, or single tenant and go find it - simple concept vs. tying up a deal and dialing for dollars out of desperation.  Do that and you're into an approx. $1m deal.  You're probably going to need to find a CO-GP aka "sugar daddy to sign on debt, front some equity at the front end etc. but one of those $10k people might serve that purpose.  Do what it takes...the first one is the toughest.  There is so much money to be made in this business don't screw around on the front end and invest in yourself.

Not bad...negotiate the guaranty (or eliminate) if you can.

One of the most important functions you have in your real estate business unless you won the lottery is to have capital to fuel your growth.  Raising capital (because there are a plethora of people out there starving for yield your investments can provide) allows you to scale you business.  Have a pool of investors that are already to do deals and you can really scale your business.  Getting sellers to do seller financing is not easy to do and really limits the "deal pool" you have.  PM me if you want to discuss more.

@Taron Jackson The most important thing you can do in this business is raise capital.  Bank financing is the easy part but sourcing the down payment is a process.  I have never seen a determined investor fail and you are much closer to it than you think.  Rather than find a partner you should work to raise money.  PM me is you want to discuss more.

@Martin Works The key in commercial wholesaling is forming great relationships with qualified buyers. In my market I couldn't possible see every deal. And there is tremendous value when a wholesaler drops a deal that's already tied up in my lap that has some equity in it or upside. That has value in this competitive arena so don't think that wholesaling doesn't work in CRE. Its just different than Resi.

PM me if you want to discuss more

@Kalene Smith Smart decision to get into commercial.  My advice is to go meet with the city and discuss tax credits (local and the process for State).  Its the same as "Resi" Income and expenses sources and uses of capital.  I think finding a partner would be way more expensive than raising capital unless you were a total real estate newbie which your not.  You call the shots when you raise passive capital vs. a partner that's going to have an opinion etc. etc..  PM me if you want to discuss more.

@Glenn D. No doubt it's work.  You'll realize that having capital (yours or other peoples) is THE most important part of your business.

Ya I've put together 30 syndications and have raised millions.  Once you get good at it it becomes pretty routine.  And I'm the decision maker - these are passive investors.  The development costs are rolled into the capital raise or debt financing.

If you can to it with less people...even better. I feel that most people can raise $10k from people. I'm not an attorney so I can't recommend using a LLC.

In all of my deals my investors are passive and I get a "promote".

I am the manager of the syndication for the exact reason of nit getting that many approvals.  I would not have it any other way.

Thats why I said raise the capital first find out what it wants and go find it...seems a lot easier that the other way of finding a deal and then dialing for dollars doesn't it.

Its all about following a process and the fact that your managing other peoples money has to be taken very seriously and you have to know what your doing.

Find 25 people with $10k each or more and you off to the races.  Seller financing is a good thing.

It's all about following a process to raise capita.  PM me if you want to talk more.  I have come across very few people who can't accomplish that!

It's all about raising capital.  Find 25 people with $10k and you off to the races.  It's all about the process.  Have the capital you can go anywhere!