Creating a Real Estate Fund

[Allen Lemay]

Hello Bigger Pockets - 

This week I'm meeting with my attorney to discuss options for creating a real estate fund.  The aim with this post is see if any existing fund managers would be open to a discussion.  I've done some research and would be curious to hear different points-of-view on the topic.  High-level overview of what I'm thinking.  

Type: 506(b) Reg D: This seemed to make a lot of sense due to the barriers of entry and SEC filings  

Series 65: Currently, I do not hold my Series 65 and cannot charge management fees.  Are there other creative LEGAL ways to do this?  

Questions: What does the structure of your fund look like? How does your fund make money (acquisition fees, management fees, equity splits, etc)?  What is the make up of your team?  Do you work with private investors or institutional investors?  Do you leverage a custodian?  What are some things you wish you knew before starting your fund (positives & negatives)?  There are several other questions but this should give you a frame of reference where my head is at.  

Appreciate any and all feedback. 

Allen LeMay