Typically, the raise for a value-add syndicate needs to be completed within one year. If you are still struggling with needing cash after that, it’s usually because you didn’t raise enough in the beginning and you weren’t able to complete all the planned renovations — leaving a struggling property that is always cash-strapped because the rents couldn’t be raised on un-renovated units, and projected returns weren’t achieved.
How do I Create a Substantive Relationship?
Question: If I am doing a 506(b) offering, do I still need a pre-existing substantive relationship...