Tilden Moschetti: A huge
question weighing on most new

syndicators minds is the
question. How long does it take

to raise money for a
syndication?

My name is Tilden Moschetti. I'm
a syndication attorney with the

Moschetti syndication Law Group.
Quite often I get the question

from new syndicators or new fund
managers, just how long do you

think this is going to take? For
me to raise this 2 million? 4

million? 10 million $20 million?
It's a frank question. And it is

probably the most difficult
question I have to answer

because it falls down on that it
depends answer. I've seen

syndicators raise money in
incredibly short periods of

time, 24 hours, you know, very
small amounts of time, lots of

money. I have one investor, one
syndicator, who I work with who

raised $500 million dollars in
four hours. That is definitely

not the norm. So don't take that
as well. Of course, you can do

that here. Because it's
definitely not that is extremely

unusual. A lot of times, it
takes a lot longer. My first

deal that I raised money for I
raised $3 million, for it took

me six months. Now I didn't know
what I was doing. Then this was

before I was practicing as a
real estate syndication

attorney. It was before I had
ever done my first deal. It was

about 10 years ago. And I didn't
really know too much about

Regulation D, I put, I had a
great deal come to me put the

deal together, learned a lot
along the way. And then really

started raising money. That's
how I built my engine of

knowledge about how to raise
money, aside from how to put

together these syndication
projects and equity funds. But

it was a huge ongoing process, I
didn't have any guidance, I

didn't have anyone to do. So it
was a lot of trial and error.

That takes a lot longer. We were
I was successful in raising

money in that, in that six
months period raised $3 million

for it. That's it six months is
a really long time, I was very

lucky that that particular asset
was able to wait six months in

order for me to make that raise.
Now, it takes it a lot shorter

than that. Not only because I
built up investors that I've got

that I've had before, but I also
know the process. And I also

know the amount of work it
takes. And that's why this

question is so hard to nail
down. Because it really depends

on two things. It depends on
number one, how big your network

is, if you've got a really big
network of very wealthy people,

it's not going to take you very
long to raise money, they're

going to want to invest with you
because they already know you,

they believe in you. And they've
got lots of money that's sitting

idly by if you don't have an
extensive network, and you're

going to rely on advertising, or
you're going to rely on meeting

friends of friends, and then
building that relationship and

converting them into a 506b
offering. It takes good amount

of time, because you have to
still nurture that relationship.

The second thing that it takes
is it just takes or I'm sorry,

the second thing that really is
the determinant is how hard you

work. Raising money isn't
simple. It is absolutely not

like you see here on YouTube,
many times other people saying

all you have to do is put it
online and watch the cash flow

and because it's definitely not
the case. And any one of them

that thinks it is any one of the
Guru's that saying it is I

challenge them to show me a case
where all they did was put it up

unless they've got some enormous
brand name. And even then some

of the cases are they have a lot
of challenges. So if you don't

have a big name, and you're
expecting to just put it up

online, it's not going to just
happen very quickly. So it does

take a huge amount of work. And
that work is very enjoyable. I

won't I won't tell you
otherwise, you're getting to

talk with people you're getting
to meet people talk about

strategy and talk about your
project, which you probably find

enjoyable anyway, otherwise, you
probably shouldn't be doing a

syndication but it is work. And
so when you put those two

together your existing network
in the amount of work that you

put in and those are the two
variables that are going to

dictate just how long it takes.
Now, if you were going to be

raising a million dollars, I
would say it's probably going to

take on average and this is very
average, didn't you as a new

syndicator are not average,
you're either above average or

below average. So it's either
going to take longer or shorter,

I don't know. But I would say in
general, if you're going to

raise $1 million, it's probably
going to take about a month and

a half. If you were going to
raise $3 million, and you've

worked really hard at it, and
you had a really average

network, but a good enough
network, it's probably going to

take it to two and a half
months. But it's a lot of work.

And you, you really need to work
it. And also what you're

syndicating needs to be unique,
and you need to have a good

story. So you've got all these
things that are kind of

dictated, which is why I
actually didn't want to record

this video in the first place.
Because I'm scared of being able

to answer that question. Because
it just depends. So sorry, I

can't give you a much more
concrete answer. But the truth

is, it's just it is variable.
I'm not going to be like one of

the gurus who says that, yes,
you can def salutely. Do it just

by putting it online, you've
heard clearly that that's not my

position at all. But it does
take a good amount of work, but

you can do it. And it absolutely
can be done. And I think anybody

can if they apply the right
word, and they do a good job,

and they've got something that
they're syndicating that they

they really believe in. And that
has a good story and has a

reason for why to do it. I do
believe that with the right

amount of work, they absolutely
can find the money and get that

money raised. I hope that helps
that great non this great non

answer video answer. But if
you'd like to talk about your

specific project and I can help
you as a syndication attorney,

I'd be happy to have that
conversation. give my office a call.