Author : Douglas Slain
Publisher : Douglas Slain
ISBN 13 : 9781463712174
Total Pages : 0 pages
Book Rating : 4.7/5 (121 download)
Book Synopsis California Real Estate Blind Pools by : Douglas Slain
Download or read book California Real Estate Blind Pools written by Douglas Slain and published by Douglas Slain. This book was released on 2011-07-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This law handbook is addressed to anyone seeking to fund a limited partnership to invest in real estate. Just as in a real estate investment trust (REIT), investors in blind pool private placements are not told which properties the partnership will purchase. With a blind pool, the evaluation of the partnership's prospects will be based on the promoter's track record--as opposed to a specified pool limited partnership where the project can be evaluated on the basis of costs and projected revenues. Interestingly, there is evidence that the average performance of blind pools does not differ significantly from the performance of comparable specified pool partnerships. For most real estate entrepreneurs the advantages of being able to raise money without having to first identify and have under contract a particular property are obvious. Most real estate entrepreneurs, when hearing the word "securities" associated with their deal, react as a 14th century Flemish townsman hearing of a new plague. But securities can be a good thing. Showing sophistication about the securities piece of your project can garner respect as well as expand the number of online prospective investors, to say nothing of giving you extraordinary advantages down the road if things go south.