Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

144
Posts
34
Votes
Jeremy W.
  • Investor
  • Chicago, IL
34
Votes |
144
Posts

How to Create a Local Real Estate Fund

Jeremy W.
  • Investor
  • Chicago, IL
Posted

I am creating a local real estate fund with friends/family. The goal is to raise $10-20mm in order to invest in a specific area in the South-side of Chicago

Here is the focus:

  • Multi-family, Office, and Land
  • $500k - $10mm assets with value-add and core plus risk profiles
  • On- and off-market opportunities sourced through brokers, note purchases, recapitalizations, shore-sales, and bankruptcy sales
  • Medium-term investment cycle (5-10 years) 

My partner is a man who has lived in Chicago his whole life with 50 years of RE experience. He has done development, SFR, multifamily, and office investments here and has the right political connections

For those who have created a little fund like this or have been involved in one before:

1. What is the best structure for this type of fund? (given silent partners, outside money, etc)

2. What is the most effective way you've pitched the investment?

3. Who are the best money partners with these types of deals?

4. What questions should I be asking myself?

Thank you, -Jeremy

Most Popular Reply

User Stats

43,050
Posts
63,551
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,551
Votes |
43,050
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

you need to start a fund.. and with the jobs act its easier than before.

PPM  you and your partner are the sponsors and off you go.. you need to be mindful of securities laws.  you can google these to help your thought process

 syndications

General partnerships

Private placement memorandums

506C  506 B exemptions

business profile image
JLH Capital Partners

Loading replies...