How to raise $2.5M in private capital
How to raise $2.5M in private capital  
Podcast: Let Me Speak To A Manager
Published On: Wed Apr 24 2024
Description: In this conversation, Ian and Frank discuss their experiences raising capital for their businesses and investing in different markets. They explore factors influencing a small business owner's decision to seek capital, such as market conditions and personal financial goals. They also delve into the advantages of investing in Richmond, Virginia, including lower costs compared to other markets and the ability to leverage their knowledge and contacts. The conversation highlights two investment structures they have used: a portfolio of single-family homes and the renovation of commercial buildings. Overall, they emphasize the importance of understanding the market and building a solid team when seeking capital and investing in real estate. Frank and Ian discuss their previous real estate deals and their current investment opportunity. They highlight each deal's different structures and returns, emphasizing the importance of having multiple exit strategies and considering market conditions. They also discuss the benefits of private funding over traditional bank loans and the security of investing in real estate-backed bonds. 01:38 The Market in 2024: Hunting for Capital06:05 Richmond's Market and Potential08:38 Richmond's Metropolitan Statistical Area10:31 Considering Other Markets: Fort Lauderdale, California, and DC13:03 Entering the Richmond Market14:00 Why Continue Investing in Richmond?15:42 Challenges of Entering a New Market20:04 Different Investment Structures: Single-Family Homes and Commercial Buildings22:56 Structuring the Investments: Portfolio of Single-Family Homes23:26 Structuring the Investments: Renovation of Commercial Buildings23:52 Different Deal Structures30:48 Investing in Identical Assets35:25 Real Estate-Backed Bonds for Cash Flow41:08 Private Funding vs. Traditional Bank Loans44:28 Diversifying Investment Portfolios45:16 Market Conditions and Team Strength