Updated almost 3 years ago on . Most recent reply
Raising Capital Business Plan
When looking to start raising capital for multifamily deals, what are some important planning factors when creating a general business plan to create a real estate investment firm?
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You will need to understand what type of structure(s) you are going to use for your investing. JV's, 506B and 506C syndications each have different parameters, legal and tax implications. You will need an attorney well-versed in SEC filing matters for syndications. If you are just using JV's and partnerships, you will still need a good attorney and accountant.
If you have no investing experience in the type of assets you are raising money to buy, you are going to have a much more difficult time convincing people to invest with you than if you have an experienced partner. Regardless, you will want to create a "credibility" book/bio to highlight your experience and skills.
Lots of other things to consider, but the above are important.