MB278: Raising Money Through a Fund vs. Single-Asset Deals – With Joe Fairless

<p><span style="font-weight: 400;">The vast majority of multifamily syndicators don’t stop with one property. And with each new deal, we start the stressful process of raising money all over again. But it doesn’t have to be that way! So, how does it work to raise capital for multiple deals through a fund?</span></p> <p><span style="font-weight: 400;">Joe Fairless is the Cofounder and Partner at</span> <a href="https://ashcroftcapital.com/" target="_blank" rel="noopener"><span style= "font-weight: 400;">Ashcroft Capital</span></a><span style= "font-weight: 400;">, a multifamily firm that invests in 200-plus-unit value-add deals. The Ashcroft team has a portfolio of 38 properties, and in February of 2021, they pivoted from raising money for individual deals to raising capital through funds.</span></p> <p><span style="font-weight: 400;">On this episode of Financial Freedom with Real Estate Investing, Joe joins me (and the attendees of</span> <a href= "https://dealmakerliveevent.com/" target="_blank" rel= "noopener"><span style="font-weight: 400;">Deal Maker Live</span></a><span style="font-weight: 400;">) to discuss the pros and cons of raising money through a fund. He explains the benefit of being able to spread out your capital raise over time, bring on investors whenever they’re ready, and comingle money among deals. Listen in for insight on how Ashcroft structures its funds and find out if YOU’RE ready to start raising money for multifamily through a fund!</span></p> <h3>Key Takeaways<span style="font-weight: 400;"> </span></h3> <p><span style="font-weight: 400;">How Joe achieves work-life integration</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Systems, people in place to run business when away</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Blurred lines between personal/professional life</span></li> </ul> <p><span style="font-weight: 400;">How Ashcroft Capital structures its funds</span></p> <ul> <li style="font-weight: