Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

How to lose $1,000,000

17 Oct 2022 · 1 min

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0:30

Christian Osgood explains why investors lose $1 million when they raise capital from friends and family for deals they don't control. His advice: don't use other people's money unless you're the one making the decisions.

Chapters

I have seen that happen with $1 million. I have heard of friends where very similar things have happened. The money doesn't always go exactly where it's supposed to. Maybe that operator isn't as good of an operator as you believe them to be. So how do you avoid this? The practical application is someone else loses your friends' and family's money. Just don't raise money for other people. If you're going to write them a check, come in as an equity partner. Have it on a deal that you control. But if you don't have control over that deal, don't bring other people's capital to it.

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