Hello! introduction from central NJ, starting an RE fund

[Jason Drew]

Hello,

My name is Jason. I am a young guy out of NJ working with a partner who has 30+ years in investing, mainly dealing in paper. He has had experience investing in real estate, although it has been a few years. He offered me an opportunity to work with him to add an RE fund into his business after having talked with me for a few months about business. During these few months I learned all I could in RE and investing.

I have read the following books:

rich dad poor dad 1, and 5

think and grow rich

the millionaire RE investor

the ABCs of RE investing

some book titled something like how to unlock your inner financial genius (i still cant remember the title...)

and a few others that I cant seem to remember the names of.

I have spent hours reading biggerpockets along with a few other investment sites, podcasts, and talking with my mentor and other RE professionals.

Pretty much everything I have come across at this point has been a review of what I already know, although there are a few more books on my agenda.

I am actively putting together a reg D, and working out an LLC and LP. I have no hands on experience on any of this past analyzing properties. This fund will be small, only a few million. My friend and mentor wants me to take over the RE thing over the next few years and focus on his primary businesses.

I am starting to run out of ideas of what to work on to learn this and get ready to get real experience. I imagine it will be difficult and require an extraordinary amount of work in the beginning. Any suggestions of what to know? I think this is an opportunity of a lifetime to jump start a career into RE, and want to do everything I can to make it work. I believe I have at least 3 or 4 months before its time to get out there and actively invest. In the end, whats going to happen is going to happen. in the past few weeks I have started to do market research in a few areas we are expecting growth.

TLDR: Hi bigger pockets! Love this site. Going to start an RE fund with a mentor and no hands on experience. I am nervous about the whole thing.

How is everyone else?

[Steven J.]

Glad you like the site!

Here's an idea. Do some seminars on how to invest money. Get people that are interested and you be the presenter offering up the plans for how to invest. The SEC shouldn't be upset because you're not outright asking for money - rather just teaching how to invest. If people ask to invest with you after the seminar then by all means let them! You're the credible guy that knows about syndication and using OPM. 

BTW, could you explain the reg D a bit more. I'm not super familiar with raising money and I'm trying to read up on it all. Check out @David Campbell's Ebook in the resources entitled Private Lending Report. I'm working my way through in hopes of developing a seminar type learning experience to gain my own private lenders.