EP 114: The Ultimate Guide to Starting a Real Estate Fund Legally & Ethically with Lance Pederson
In this episode, we dive into The Ultimate Guide to Starting a Real Estate Fund Legally & Ethically with the incredible Lance Pederson. Get ready to soak in Lance's wisdom and experience as we discuss his background in entrepreneurship and real estate. From starting an IT services business to venturing into the world of real estate, Lance's journey is nothing short of inspiring. But it doesn't stop there. We'll uncover the accidental creation of Lance's real estate fund administration company, and how it led him to become an expert in fund management, administration, and architecture. Lance also shares his experiences during the 2007-2008 financial crisis and how he navigated through challenging market conditions.
So, if you're a real estate professional looking to thrive in the sub-institutional space, you'll want to hear about the services Lance has developed specifically for you. Plus, he introduces the game-changing Fund Launch Accelerator program that helps professionals like you start your own funds. Don't miss out on Lance's invaluable advice on the importance of a well-structured fund aligned with industry standards and investor expectations. We'll also discuss the current challenges in the real estate market, including difficulty in finding deals and obtaining favorable financing terms. But don't worry, Lance will leave you with hope for finding good deals in both up and down markets, with the potential for lower interest rates on the horizon.
💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Lance's background in entrepreneurship and real estate
Lance's journey, starting with an IT services business and venturing into real estate
The accidental creation of a real estate fund administration company
Lance's expertise in fund management, administration, and architecture
Experiences during the 2007-2008 financial crisis and navigating challenging market conditions
Development of services for real estate professionals in the sub-institutional space
Introduction of Lance's program, Fund Launch Accelerator, to help professionals start their own funds
Importance of a well-structured fund aligned with industry standards and investor expectations
Challenges in the current real estate market, including difficulty finding deals and obtaining favorable financing terms
Opportunities to find good deals in both up and down markets, with hope for lower interest rates
Tweetables:
“I want people to hit the ground running where they know exactly who they're targeting, what their message is like, what's their differentiation? And the way the fund's been structured, it's aligned and it's interesting and it solves the target investor's problems.” –Lance Pederson
“Focus on what is going to move the needle, and then you can layer in other tactics and other strategies and things like that at a later time. But you can't do it all at once.” –Lance Pederson
“If you're searching for differentiation in how you've structured your fund, you're sunk before you even get started, because your differentiation needs to come from how you execute your strategy, what that strategy is, how you execute it, risk mitigation, all those sorts of things.” –Lance Pederson
Resources
Resonance Capital Group website
Confessions of Passive Investors Podcast
About Lance Pederson
Lance Pederson has worked in the real estate investment management business since 2008. He was General Partner in a private equity real estate firm that pivoted from hard money lending into capital allocation that went from $0 in AUM to over $300M during his time with the firm. During that same time, he founded and managed a real estate fund admin firm that grew to over $3B in AUA. He has assisted over 200 real estate sponsors across the country with the architecture of their pool investment funds.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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