The Real Estate Syndication Show WS1630: How to Raise Capital for Your First Deal | #Highlights
In this #Highlights episode, we look back at our conversations with successful real estate investors, Justin Elliott, Jenny Gou and Steven Louie. Justin shares his top lessons from his first deal, helping listeners to avoid beginner mistakes and more easily raise capital.
Jenny takes us step by step into how she went from zero to 950 doors in 12 months and how they are now able to raise millions of dollars in a very short time. Steve shares his own valuable experiences and lets us into the amazing partnership that brought them this amazing success! Stop worrying about how to raise capital for your first deal. Listen now, learn, take action, and get ready for success!
Key Points From This Episode:
- The importance of learning how to underwrite when making bigger deals.
- How Justin built and then developed trust with his investor list.
- How setting a firm timeline can get you fully funded before closing a deal.
- The importance of creating a backup plan or waitlist of investors.
- How Justin reduced their timeline for raising capital from eight to two weeks.
- Jenny’s four simple but very effective steps that led her to achieve amazing success with 950 doors and millions of dollars raised in a short time.
- How a coaching program or finding a mentor can help you accelerate quickly.
- What are people most afraid of doing that’s keeping them from achieving great success in real estate?
- How did they build a strong network of investors?
Tweetables:
"You got to talk to a lot of people. Just open up your network. Tell everybody what you do right now because you will be surprised who invests in your deal." -Justin Elliott
“I’ve met a ton of people who have done everything that I’ve done except for the last step, it’s because they just are afraid to leave. It’s just like this invisible line, but once you cross over it, it’s just the sky’s the limit.” -Jenny Gou
“I think the team approach is key, especially in syndication. In syndication, once you move into multi-family, they call it multi for a reason, you have to have a strong team.” -Steven Louie
Links Mentioned in Today’s Episode:
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