Go to as many networking and “guru” events as possible where people are learning to buy the same thing you want to buy.
For instance, if you want to invest in multifamily, find multifamily trainers and go to their events. You’ll learn how to buy your own, what to look for in a syndicate, as well as meet others who are doing Rule 506(b) offerings that allow non-Accredited investors.
RE Mentor’s Ultimate Partnering bootcamp, Jake & Gino’s Multifamily Mastery Conference and Joe Fairless’ Best Ever Conference are some of the biggest networking events, gathering 400 to 1,000 attendees in a live setting. It will pay off to get exposed to as many trainers and their event attendees as you can. Many of the attendees at these events are passive investors as well as active syndicators.
Also, even though someone has a 506(c) offering currently, they may do a 506(b) offering later on if they get contacted by enough people who are non-Accredited to make it worth their while. Many current 506(c) syndicators have simply exhausted their current database of non-Accredited investors in previous deals and now have to do 506(c) offerings in order to fill their current deals.
Bottom line, go to events that syndicators attend and reach out to 506(c) syndicators and ask if they ever do 506(b) deals and if so, get to know them.
Should You Really Start a Fund?
We get potential clients who reach out to us every week who want to start a fund. While we could simply take their money and set them up with fund offering documents, we actually talk a lot of people out of doing a fund. Why? Because they don’t have the necessary...