REIT Newbie Looking for Guidence
I recently began the process of moving my career to full time REI. A good friend and colleague, who is also interested in long term real estate investing, said he has multiple investors who would be interested in getting involved in a large multi family deal through me in the market I will be working in. I have a basic knowledge of single family homes and singal rental units and am not versed in REiT's or their makeups. Can someone tell me if this is the best avenue to begin investing their money with me or is their another option? Where can I find standard REIT contract verbiage and how the deals are structured? Do I normally invest the same amount or is there a reasonable fee I can include towards property ownership since I would be creating, closing, and managing the property?
Any tips will be greatly appreciated.
Thanks,
Dave