Is it hard to start-up a Real Estate Investment Trust (reit) in Pennsylvania ???

In General Area - Asked by R. Bruce F. - Dec 10, 2009
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Answer(s)

Mike T.
Owner/Investor
Dallas, TX

If you find out, please let me know. mdt_texas@yahoo.com

Dec 10, 2009
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KOLEC NICK N.
Broker/Agent
Fort Lauderdale, FL

Depends what do you call start-up, where is the starting point, in what field of real etate, your experience, properties that you own, capital available, what you have to offer and your credibility as a sponsor.
kolec@bellsouth.net

Dec 11, 2009
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Larry B.
Developer
Portland, OR

EASY CALL ME 503-969-3882
I HAVE 10 M PROPERTY TO PUT IN A REIT TODAY

Dec 11, 2009
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Nadina C.
Broker/Agent
Phoenix, AZ

I am assuming you mean a non-publicly traded REIT. It depends on what you mean by "hard". Hard to find qualified investors? Hard (expensive) to pay the upfront costs for legal and financial advice to do it correctly and comply with SEC rules (even though not traded, you still have to comply with SEC regulations) and the special rules for REITs? Hard to negotiate and acquire properties that fit your business plan? Hard to sell investors on your credibility as the sponsor of a real estate investment fund? It also depends on what you mean by "start-up". Does it mean you have no previous REIT management experience (credibility again)? I suggest you obtain a complete private equity REIT prospectus from a national REIT company and read it through thoroughly. Then, if you think you can provide as much research and disclosure as they have and if you have the capital to hire attorneys and other experts to produce such a document, and you have the accredited investor contacts, then go forward and prosper!

Dec 11, 2009
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