How to Start Your First Real Estate Fund Featuring Matt Burk, Fairway America
One of the big mysteries confronting syndicators is how to start a real estate fund…a fund that allows you discretion to buy real estate assets without investor approval. Starting a fund is not for everyone, but it's a great financing vehicle for those in transition to more capital flexibility. Well, we've got a very insightful interview with Matt Burk, co-Founder and Managing Principal of Fairway America. Since 2001, Matt has raised multiple funds that invest in real estate. A few years ago, they opened up their business to provide advisory services to help others through the process of starting their real estate fund. In this interview with Matt, you will learn: -The process of starting a real estate fund -The 3 biggest mistakes new syndicators make when setting up their fund -How important is experience and track record -What types of fees and backend profits can fund managers expect -The best places to raise capital for your fund -How much new fund managers can typically raise during their first year Right now, Matt is in the game with his own real estate funds, as well as, helping others get started in the real estate fund business. Wouldn't it be nice to have the funds sitting in a bank account ready to invest when you find the right deal? If that sounds good to you, then I encourage you to spend some time consuming this unique interview.