All Forum Posts by: Jillian Sidoti

In Canada, you basically have to follow US securities laws. You can still take in unaccredited investors, they just need to be sophisticated. 

You also need to use an LP as opposed to an LLC to take advantage of tax treaties.

We have a document in our office that allows a smaller syndicator to raise capital for smaller deals for less money. It basically provides all the risk factors, operating agreement, and subscription agreement. We use it for any syndicators that are raising less than $500,000 with fewer investors. It helps the guy or gal that is just starting out while still providing proper disclosure. 

If you want some samples, I have some distribution and fee samples I have been providing people. You can email me with the subject line "Samples Please" and I will send them to you right away. 

@Yaya Y. (and anyone else reading this) - to answer questions like these, I have been providing those who email me two things: 1. A sample fee chart of how to make money and 2. a sample distributions section. My email is in my signature. Just use the subject "SAMPLES PLEASE" and I will send to you right away. 

Thanks.

@Brian Wheeler - I think I have some good advice on this. The answer is simple: as much as you can spend responsibly. 

The thing is, you don't want to make your first fund "too big." The analogy I always think about is moving into your first house: you realize quickly things you wished you considered before you bought the house. Like, you don't like where the outlets are placed and you will look for that in your next house. It's the same with a fund  - "oh I wish I charged this fee; or set up this structure; or allowed myself to buy these assets." So don't make your fund too big or ambitious, because you can always make a better, second one. 

@Kyle Burkhardt - if you just email me, I will send you a fee sample chat and a distribution example. That might help you. 

Thanks, Jonathan! @Sherwin Gonzales - happy to speak with you. 

If you want some info on the legal side of raising capital in a syndication, please search for "How to Structure a Real Estate Syndication" on youtube. I have a 60 minute video that you might find helpful. I just did it about a month ago. Best of luck!

I also did an interview with Oren Klaff, author of Pitch Anything. That will help you with the marketing. It is on the same YouTube channel. 

@Jonathan Twombly - thank you! @Jordan 

@Jordan Hamilton - feel free to reach out. You need a PPM and a TIC arrangement for holding title to the property. I am happy to explain.

@Dennis Johnson - I want to address "just go with anyone that can help get it done."

No. 

Although all money is green (at least US money is...), all investors are not equal. You should research your investors the way they research you. A bad investor will ruin the deal for everyone. 

We just had our big conference and our keynote speaker made told a story about a difficult investor - at the end of the day, he told the investor to shove the prospectus up his butt; he didn't even want his money. 

Get your message out there, stay consistent, worry not about what the competition is doing, and the money will come. This is true with almost any business model, not just finding investors for real estate. Best of luck!

Me! I can't wait to see you there Sam!