Here's How Technology Can Boost Sponsors Fundraising Success |
Posted: May 26, 2021 |
Real estate syndication or sponsorship is a business that requires expertise in building relationships. The syndication business is concerned with buying and selling properties, yet to scale it to the next level, the fundraising processis the key to success. To make it simple, sponsors develop a pool of potential investors through their impressive presence online and offline. They raise funds from these investors by convincing them about the profitability of the deal they are suggesting. The Role of Technology in Real Estate FundraisingWe currently live in a digital era. Today, building relationships, finding real estate deals, making transactions, and closing deals happen virtually. Are you a sponsor and still relying on conventional methods for the fundraising process?Then you are missing out on so many opportunities along with the benefits technology brings to your table. Let us take a glance at the aspects that prove the benefits of leveraging technology in boosting fundraising success: Technology Helps Raising Funds FasterIt is practically possible today to build a pool of potential investors and cosponsors through a user-friendly platform. If you adopt conventional methods, you may need to spend a lot of time and energy finding potential investors, meeting them personally, and convincing them to invest in your ventures in the recent future. However, you can now take the entire fundraising process online. You can attract investors by building your website, enhancing your online presence through social media, online webinars, forum discussions, and even training or coaching sessions. The aspiring investors looking to grab investment opportunities would join hands with you on the journey. Again, there is no need to get their pay cheques by courier and waiting till the clearance. As and when you find a profitable deal, you can raise funds through this pool of investors in a matter of a short period. Maintaining Transparency Becomes EasierThe latesttechnology in real estate fundraising helps sponsors to gather the profiles of investors. Sponsors can also enter into agreements with them through electronic signatures. You can preserve all this mission-specific data in a secured place through cloud-based tools. So, every potential investor would be clear about how much investment he or she is pouring into your venture and what he or she would receive as profit share after the deal would be closed. Accomplishing these tasks using conventional methods could be time-consuming. Soft Commitments Change Your GameDuring the fundraising process, you can take soft commitments from your investors well in advance. The investors pay a small amount upfront and commit to investing the rest when finalizing the deal. Thus, you can keep track of the possible funds you can raise before signing a contract or agreement with the sellers. As you can gauge the seriousness of every investor beforehand, you can be confident while cracking a deal about the funds you can raise. This additional feature of technology in real estate fundraising proves to be a game-changer. Electronic Fund Transfers Add To Your PaceWhen you choose the right real estate investment portal, you get ACH Payments facilitation as a feature. Thus, you, your investors, and cosponsors can make electronic payments that process within seconds. This saves valuable time during the fundraising process. The platform maintains the precise records of all the transactions for future reference. So, you do not need to shuffle through your bank statements to calculate the profit shares later. Real Estate CRM Helps You Obtain InvestmentsYou can manage the entire fundraising process through a real estate CRM offered by a reputed vendor. The features of CRM enable you to build your website with your logo and contact information, automate your workflow, gather crucial information about investors in a centralized database, and handle your fundraising process seamlessly as and when required. The Bottom LineThe technology in real estate fundraising has brought drastic changes to the fundraising process. It would be wise to adopt the best real estate syndication software to automate the fundraising process and win investments at the right time. Leveraging technology in real estate fundraising helps you accelerate your real estate syndication business. Experience faster fundraising and boost your profitability by adopting the right technology today.
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