Starting a Undergrad College Real Estate Fund -- What should I know
Background: I am an undergraduate student starting a real estate fund with $100,000 pledged from the Administration.
As mentioned above I am starting a real estate investing club on my college campus with a good chunk of change from Administration. Our plan is for the club to act as a limited partner in real estate deals and to teach students about investing. The other founder and I have corporate real estate experience (Commercial Real Estate IB and real estate PE internships) but are not experts. We have a few mentors who are alumni operating smaller GPs who could provide deal flow and hopefully mentorship as well).
What should I be considering that I may not be? (I.e. Legal implications, etc etc)
#2 All Forums Contributor
- Investor
- Virginia
Quote from @Gregory Durgin:
Background: I am an undergraduate student starting a real estate fund with $100,000 pledged from the Administration.
As mentioned above I am starting a real estate investing club on my college campus with a good chunk of change from Administration. Our plan is for the club to act as a limited partner in real estate deals and to teach students about investing. The other founder and I have corporate real estate experience (Commercial Real Estate IB and real estate PE internships) but are not experts. We have a few mentors who are alumni operating smaller GPs who could provide deal flow and hopefully mentorship as well).
What should I be considering that I may not be? (I.e. Legal implications, etc etc)
Gregory
Lots to consider and happy to jump on a call to discuss.
There is a ton of legal implications to consider, especially if the funds from administration are from individuals (and more than 1). You will need to know if they are accredited, not accredited... Determine the type of offering etc., what are you investing in, what if you do not raise any money, what happens.... Tons to consider that one BP post could not answer.
Hello,
I would love to connect. I sent over some times and my email to your personal
I am looking forward to learning more,
Greg
