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Coach
That’s a bit harsh, OP.
You didn’t include that it’s the down payment in your original post. Either way, more info will be needed. What’s the end use of the property for starters?
Coach
There are websites for angel real estate investors (there’s even a bowl for angel investors but it’s pretty dead).
Since it’s retail and you need a large sum, I would talk to local developers but structure or disclose the deal so they don’t cut you out. Real Estate brokers may even be able to point you in a direction. For example, by me there’s this one guy who has developed all the medical buildings (it’s a lot). We’ve considered talking to him about deals because he’s in it so he knows the right people with the big named tenants like DaVita or NY Cancer & Blood.
It’ll also get complicated if you need the investors to also put up a personal guarantee or collateral on the loan.
Have you tried applying for a mortgage? Why are you asking for money on a networking app?
Called them an idiot primarily because they questioned why I made the post, when it’s a real estate related post in a real estate bowl? Felt like if they had nothing to contribute, why comment in the first place. Seems like the Lead Associate cried to their Director to come save the day.
Subject Expert
This could be considered a soliciting of securities. The SEC frowns on people soliciting securities like this.
Your best bet is to connect directly with friends and family. And/or explore a 506(b) offering if you want to go the official route.
no it couldn’t