I want privately held investment and real estate companies engaged in the acquisition, development and management of select real estate projects and selected business opportunities. I want to developed over 4,000,000 square feet of urban real estate including office, hotel, retail, town-home and commercial parking properties. How can I get started? Thanks
How To Be Real Estate Investment Group And How Can I Get Started?
Posted February 8th 2010 at 5:23 pm by Admin
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You need a team.
See if there are any real estate investment groups in your town. Google it.
Then go to yahoo groups, msn groups and google groups and search for real estate investment groups in your community.
Find out when they meet and go sit in on the meetings. Don’t discuss your plans until you know who you’re dealing with. You’re there to learn first, network second, and do business third.
Your goal is to build your team (investors – contractors – etc)
Typically if you have exclusive, or line of site on a good project that you can easily articulate how you can drive a return, finding capital will not be that difficult. I would pursue the following strategy:
-Lock up the real estate/ or at least develop a strong relationship with seller
-Build your financial model that captures the development, operating, and carrying costs to show the projected return on equity for the investor as well as the return to you.
-Create a presentation that articulates the financial return, the sub-market trends, targeted tenants, etc.
-Form an LLC
-Start fund raising.