Starting a real estate private equity firm?

[Bellman Tumasang]

I want to start a private equity firm e.g. Blue Estate LLC and raise funds such as Blue Estate Equity Fund I LLC etc.

Do I set up Blue Estate LLC then start first syndication single apartment building such as 10 units in property LLC which i sell interests of to investors and pay management fees to Blue Estate LLC and pay profit splits such as 80/20 to myself and investors. 6% preferred return.

If you’ve syndicated deals can you please tell me exactly how you started, entity formation, first deals and details such as financing, income, expenses and investors, finding investors, finding deals, building a track record e.t.c.

Much appreciated thanks !!!