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All Forum Posts by: Jay Ben

Jay Ben has started 33 posts and replied 64 times.

Quote from @Chris Seveney:

@Jay Ben

Finra has a site to search, most broker dealers will want you to have $10M raised at a min. Because most of their investors will cut bigger checks and they don’t want to be a large portion of the deal.


found it thanks! ok so bear with me, so you are saying that in order to have a FINRA licensed broker-dealer to raise money for you, You'd typically need to already have already raised at least about $10 Mil for that particular deal?

So when i speak to people who raise capital for investors or fund managers who are open to doing a fund to fund would they need to have a FINRA license to stay in compliance?

What about the investors who want to raise $3-5m total for a $10m deal, Sounds like thats too small for them if they want to cut bigger checks

would you be open to chatting more in private?

 Are these third-party audits? can you name some providers that perform these audit services? 

@Chris Seveney  @Evan Polaski

Quote from @Brock Mogensen:

Generally you will want to bring the "capital raiser" in as a GP.  They do need to be actively in involved in the deal to remain in regulation.

Plenty of people out there with access to capital that are looking for a "deal finder".

Just need to dial in your approach to these people to get them on board with working with you. 


 What are the most common titles for capital raisers? I normally search equity broker.

Quote from @Chris Seveney:
Quote from @Jay Ben:

These 2 question is for commercial investors and syndicators - 

1. where do you look for capital raisers? If I do a search on LinkedIn, what titles should I look for? I've seen things like "I help people invest in real estate" for example. what should i search for? equity brokers? Syndicators? 

The couple that ive spoken to have different fee / compensation structures. some just want %3 of whatever they raise. ive spoken to a couple that offer a but more than just raising capital and they want to do a co-GP or JV. Id love to hear what some of you offer or have done in the past.


 So some things to be very careful with:

1. Capital Raisers must be licensed by FINRA as a broker-dealer. If they are not, and you have an investor complaint, this could lead to some serious fines. 

2. Capital raisers who are broker dealers will want 8-10%+ for first time investors

The way around this is to make them an equity partner of the company but as an equity partner their primary source of compensation cannot be from commissions. 


Strongly recommend you talk to a securities attorney.

I will do that, thanks Chris. Is there a directory for FINRA licenced broker-dealers? Whats the best way to search for them?

And is a FINRA license the only one or would they need a series 63 or series 82 or anything else?

Have you worked with any before? if so; Do you have a breakdown of fee structure with a broker dealer you can possibly share?

These 2 question is for commercial investors and syndicators - 

1. where do you look for capital raisers? If I do a search on LinkedIn, what titles should I look for? I've seen things like "I help people invest in real estate" for example. what should i search for? equity brokers? Syndicators? 

The couple that ive spoken to have different fee / compensation structures. some just want %3 of whatever they raise. ive spoken to a couple that offer a but more than just raising capital and they want to do a co-GP or JV. Id love to hear what some of you offer or have done in the past.

@Evan Polaski I asked for projections VS actuals and got a break down of the last 5 deals the operator completed but anybody could just write that on a spreadsheet and paste it, how would i verify? what should the audit include and would they share it? what else would you ask the operator as a potential LP? Looking for effective operator due diligence / risk mitigation methods

Quote from @Elisa Zhang:

Hi Brittany, I just PM'd you. Would love to learn more about your story. My team and I offer complementary trainings and 1:1's to help newer investors learn about passive investments and syndications. 

Do you have an offering or do you just give complementary trainings? Id like to learn more.

Im in a similar situation, I have a deal that requires 1 million in equity and I have 200k to put up and I need an equity broker to help me raise 800K. Can you guys recommend any brokers or i understand people might not like sharing brokers but can you give me some ideas on how I can find some? TIA


@@Bennet Sebastian @Joel Owens

@@Jim Pfeifer Can you define community? do you mean a local rei group?

Quote from @John Drowns:

Are you an accredited investor, or looking for non-accredited opportunities? 


 What would you suggest for a non-accredited investor? If I reached out to a syndicator would that be compliant?