Hello BP family !
My Business Partner and I have recently purchased a three family property in Newark, NJ.
Since then we have been working multiple hours everyday learning the craft of pooling private money and Structuring syndication like deals.
We have identified our target market and cultivating a team in our target area.(Philly)
Our Focus:
C class 20 - 30 Units Value Add Deals.
A few of my close high networth friends have approached me with interest in investing in our upcoming deal.
I haven’t completely mastered the craft of Structuring private money deals. && I don’t want to risk losing their interest. I believe I should at least offer them a sample deal (which I am learning)of what could be beneficial to them in the near future(1- 2 months when we find a deal)
Are there any suggestions or things I should mention or look out for in various initial interactions to cultivate a strong investor list.
I am half way through the two books listed below.
1. Raising private Capital; Matt Faircloth
2. BEST EVER apartment syndication book