b'How Much Capital Do You Need From Investors? How do you know how much capital to raise? For a specified offering (syndicate),youwillneedtoitemizethefundsyouneedtocloseona property. This is called the uses of funds. Then you need to estimate the amount of the loan you will get from a lender. Subtract the loan amount from the total uses of funds and you will have the amount you need to raise from investors. The loan amount, amount raised from investors plus any seller credits is the sources of funds. See Chapter 13 for a more detailed explanation of sources and uses of funds. For a fund, your sources and uses of funds table will be much less detailed,butyoumightitemizeexpensesforsuchthingsaslegaland marketing expenses. You wont be able to determine property-related costs or management fees until you get properties under contract.11'