Ep 57 - Raising capital for your first real estate syndication can be a daunting task, but it is an essential step toward achieving your investment goals. In today’s episode of the Share the Wealth Show, we welcome back Sonya Rocvil an experienced real estate investor. Sonya will be sharing her insights and expertise on raising capital for your first real estate syndication. She will discuss her journey, the challenges she faced, and the strategies she used to secure the capital she needed to launch her first project. Sonya Rocvil is the Principal and Founder of Bedrock Real Estate Investors, a privately-owned real estate company, specializing in the acquisitions and asset management of multifamily apartments in the United States. She has syndicated and operated multifamily deals totaling 462 units and valued at over $25m. Sonya has successfully life-cycled four apartment complexes totaling 374 units. She has also been an equity partner for multifamily investments totaling 438 units and valued at $28.7m. Sonya began her career as an auditor and later transitioned to finance at a Fortune 500 Company. Her depth of knowledge in business analytics and strategic implementations that drive growth has made her successful in acquiring and operating multifamily properties. This episode will provide valuable insights and guidance on how to raise capital for your first real estate syndication. So, let's dive in! ________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymaverick ________________________________ [2:54 - 9:49] Approaching Potential Investors
- Nicole emphasizes the significance of demonstrating your expertise and capabilities to others.
- Sonya acknowledges that it can take longer for people who have known you for a while to invest with you.
- They discuss the challenges of approaching potential investors and asking them about their financial situation.
[11:02 -14:20] Finding the Right Real Estate Market
- Sonya discusses her decision-making process for transitioning to a new real estate market.
- She mentions that the events that happened during that time are aligned with her goals. Because of how infrastructures are highly invested at the time.
- Sonya highlights Birmingham's strong and consistent real estate market due to its favorable location and economy.
[11:02 -14:20] What is next for Sonya?
- Sonya discusses her plans to expand her real estate portfolio both in Birmingham and across the Southeast region.
- "Self-directed investment" refers to the ability to invest in assets beyond traditional options like stocks and bonds.
[16:10 - 22:27] Closing Segment
- Sonya answers the Final Questions
- Sonya emphasizes the importance of diversification, stating that investing in hard assets can help balance out potential losses in the stock market.
- Drawing from the game of Monopoly, Sonya stresses the value of starting early, building a foundation, and growing from there.
- Sonya believes that wealth is something that can be passed down and is therefore transferable.
- When asked about her definition of success, Sonya emphasizes that success is a personal definition. For her, success is how and what she can/is willing to do to achieve her goals.
- Sonya also shares a question for the next guest, asking what advice they would give to their younger selves.
- How to get in touch with Sonya
Quote: "When I think about wealth, I think about it from a generational perspective. How much are you able to preserve for the next set of people that are coming after you." - Sonya "Don't be scared to cross that line into the uncomfort zone. because it has to get...
