Only 10% of Your List Will Invest - The Multifamily Missteps Podcast
Raising capital is always a challenge. That’s why you “use other people’s money,” as you commonly hear from real estate folks. In our case, we learned that putting up an investor group was not enough.
We learned that they needed to ask and understand how their investors could raise money for our deals. This may be a hard question to ask, but nevertheless, something that should be raised so you will not be surprised if you are not able to raise enough money for your real estate investing.
[00:01 - 03:37] Opening Segment
I welcome today’s guests, Suzy Sevier and Michael Barnhart
[03:38 - 08:58] Living Abroad and Investing in US Real Estate
Suzy shares the story of how they found the real estate industry
Investing in US real estate while living overseas
Michael tells us why networking is important in real estate
[08:59 - 17:05] Not Enough Investors
Suzy breaks down their multifamily deal
The realities of closing a real estate deal
Michael shares his thoughts
Suzy talks about their first “hiccup” in raising capital
[17:06 - 25:21] Asking the Hard but Needed Question
Why you should your investors how they raise capital
Certified Rent Rolls cannot be relied on and here’s why
What are Certified Bank Deposits?
[25:22 - 27:32] Closing Segment
Find Suzy and Michael at the links below
Final words
Tweetable Quotes:
“Networking is a lifeblood of real estate, especially multifamily real estate.” - Michael Barnhart
“Every part of the process takes time and takes patience.” - Suzy Sevier
Resources mentioned
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Until next time...
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