Investing Fund

I am in the process of forming a offshore real estate fund. The goal being for people to take advantage of near record exchange rate, low interest rates and good deal being available in the commercial RE market.



I have some of the cash required for start-up, and am looking for partners.



Are other people on the board that would be interested in be the fund founder?



[ Edited by cjmazur on Date 08/08/2008 ]

Comments(3)

  • cnpdmb18th August, 2008

    The LLC will be the owning entity of the property with my practice paying rent to the entity.

  • cjmazur19th August, 2008

    That breaks SBA rules. This is considered speculative real estate investing, since the LLC is not using the space.

    "Two very important facts: The business must occupy at least 51% of the property if the property is being purchased and 60% if the loan is being used to construct a building."
    (from http://www.sba4you.com/realestate.html)


    Quote:
    On 2008-08-18 23:05, cnpdmb wrote:
    The LLC will be the owning entity of the property with my practice paying rent to the entity.

  • cjmazur19th August, 2008

    ABC practice, LLC own the property and pays the mortgage.

    That is just fine.

    If you want to get a lil aggressive, you could buy a bigger suite, and rent out 49%.

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