6 Tips for Raising Money
Raising money can be difficult, especially on your first big purchase, but it doesn't have to be. Here are 6 strategies to make raising money for your next purchase, a little easier.
Build a track record! Don't have a first deal? Bring someone with experience.
Build a brand. Identify your audience and post frequently about the power of multifamily real estate.
Build a CRM; Whether its Keap, Monday.com, or a Google Sheet track everyone you know who has money and may want to invest.
Get as many soft commits as possible. A majority of your leads will not invest with you at first, but it is crucial that you get as many soft commits.
Nurture your audience. Send Emails and other free valuable content to let them remember you still exist!
Close the sell. When a deal hits the pipeline let them know you have a deal.
There's not one approach that works best but raising money is a relationship business.