Anyone have any good ideas how we can start our own reit? I am tired of buying stock. I'd like to "sell" atock instead. I have the connections for the memorandum, prospectus and to go public if someone has a bit of capital and a good idea. My email is:firstname.lastname@example.org I am in NY and FLA.
This thread contains the sort of drivel one would expect to hear at a frat house after too many beers. You gotta have something to sell before you can get the attention of an intelligent investor (or crapshooter).
We tried to start one to up north. Fully legal prospectus, nice offering memorandum book, a color business plan that was almost an inch thick, lucrative returns... yet zero interest. I can't tell you why no one was interested... but on to the next project...
Luck, timing, and sweat have a lot to do with success (i think!)
If you wish to start a REIT, need to have a business in place. Start with purchasing property with your friends and family as a partnership, then get some experience, and try to expand, then go public with your existing property. REITS are a product of assets, not a business. Go to the assns and find out more info.