b'pool). While creating a fund may sound like a panacea for capital raisers, dont get too excited as its the hardest way to raise money and requires a significant track record with previous syndicates before you will have any chance of success. Our statistics show that syndicates are 85% likely to close on a property. It is my belief that funds are only successful closer to less than 50% of the time.What is a Track Record? Your track record may take the form of a spreadsheet identifying similar property that members of your asset management entity have owned (if by themselves) or controlled (if their previous properties had investors) and how they have performed, or it could be displayed in a series of photos with relevant details about each property and its investment performance.Whatifyoudonthavethattypeofexperience?Youshouldseek members for your asset management entity who do. You can leverage off others experiencejust make sure your marketing materials represent that the experience belongs to certain members of your asset management team (not you, personally), as that would be misleading.Generally, you must have demonstrated success owning or controlling at least 5-6 similar properties with investors in a series of specified offerings before investors you meet through advertising will consider investing with you, or before you should consider creating a fund.3'