Raising capital is always a challenge. That’s why you “use other people’s money,” as you commonly hear from real estate folks. In the case of Suzy Sevier and Michael Barnhart, they learned that putting up an investor group was not enough.
They learned that they needed to ask and understand how their investors could raise money for their deals. This may be a hard question to ask, but nevertheless, something that should be raised so you will not be surprised if you are not able to raise enough money for your real estate investing.
[00:01 – 03:37] Opening Segment
- I welcome today’s guest, Suzy Sevier and Michael Barnhart
[03:38 – 08:58] Living Abroad and Investing in US Real Estate
- Susy shares the story of how they found the real estate industry
- Investing in US real estate while living overseas
- Michael tells us why networking is important in real estate
[08:59 – 17:05] Not Enough Investors
- Suzy breaks down their multifamily deal
- The realities of closing a real estate deal
- Michael shares his thoughts
- Suzy talks about their first “hiccup” in raising capital
[17:06 – 25:21] Asking the Hard but Needed Question
- Why you should your investors how they raise capital
- Certified Rent Rolls cannot be relied on and here’s why
- What are Certified Bank Deposits?
[25:22 – 27:32] Closing Segment
- Find Suzy and Michael at the links below
- Final words
Tweetable Quotes:
“Networking is a lifeblood of real estate, especially multifamily real estate.” – Michael Barnhart
“Every part of the process takes time and takes patience.” – Suzy Sevier
Resources mentioned
Reach out to Suzy on LinkedIn or [email protected]. Get in touch with Michael on LinkedIn. Check off your bucket list now, not after retirement, with Suzy and Michael.
- Visit Adventurous REI on Facebook, Instagram, and LinkedIn.
- Download Suzy and Michael’s free checklist for real estate investing. Start here.
- Listen to their podcast, “The Adventures of a Real Estate Investor”
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
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