5 simple steps to raise capital for your next deal

Dave Dubeau is the creator of the Money Partner Formula, and he works with mom ‘n popreal estate investors and helps them to get started with raising capital.  He’s a best-selling author and speaker based in Beautiful British Columbia, Canada.  He began his real estate investing career in 2003 doing 18 deals in 18 months and nowadays he invests passively in multi-family properties.   In this episode, Dave walks us through his 5 step process for raising capital for real estate. If you have run out of capital and credit, or can't get others to invest with you you might want to listen to this.  Get a complimentary copy of Dave's newest book, Money Partner Formula at:https://moneypartnerformula.com/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everyone? Welcome to another episode of remote real estate investor. I'm Michael album. And today with me, I have Dave Dubeau, who is a Canadian capital raising expert. And he's going to be talking to us today about what we as real estate investors should know about raising capital and how to raise capital for our next deal. So let's get into it.   Dave Dubeau, thank you for taking the time at your schedule this morning to hang out with me really appreciate you coming on.   Dave: Big Mike. It's my pleasure.   Michael: So you and I know each other from before recording, but for all of our listeners out there, can you give us a quick rundown of who you are and what it is that you're doing in real estate?   Dave: Yeah, well, I am a fellow real estate weirdo. I'm into this wild and wonky world of real estate investing. I've been doing it one way or the other since about 2001. Actually started when I was living down in San Jose, Costa Rica of all places Michael has spent a decade   Michael: Oh my God.   Dave: Living in Costa Rica and had a language training down there a company and language training company bought the small building that ran the business out of did ended up doing a couple of what we would call Pre Foreclosure deals down there. Didn't know what the heck I was doing. Didn't even know what they were called or whatever. But they they worked out all right. And then I packed up my Costa Rican family, my Costa Rican wife and our two little Costa Rican kids. And we moved back to the frozen hinterlands of Canada, where I come from originally.   Everybody goes, especially Canadians to go, Dave. Dude, what's going on? You're living down in tropical paradise. Your life and you packed everybody up and you move back to Canada. What the heck was going through your brain? Well, here's the thing Michael, we don't realize what we got till we leave it for a while. And as lovely as Costa Rica is being the rather fair complexion person I am in other words, paste the paste white guy in the pasty face white guy I am whether you got money or not in Latin America, everybody assumes that you do. So there's a target on your back. And that of your family now, thank goodness, nothing ever happened to us. But I know two people that got kidnapped and held for ransom down there and thought, hey, oh my gosh, small town Canada. That hardly ever happens. Never.   Michael: Go figure.   Dave: Yeah, our kids were getting towards school age. So I said, Hey, you know what? Let's start all that start over again in Canada. And so we moved back, but that was in 2003. And then I had to figure out what the heck am I going to do? Right? Because I'd left a business in Costa Rica. I hadn't been able to sell it. So I didn't have very much money. I've been gon