Building a Real Estate Fund with Melanie McDaniel Part III
Episode notes
In this episode of Academy Presents Real Estate Investing Rocks, Angel sits down with Melanie McDaniel to take a closer look at what it takes to structure, launch, and manage a real estate fund. Melanie shares practical lessons from her own experience, including how fund managers can create value, structure fees and promotes, raise capital, find the right investors, and build a strong team.
The conversation also explores the realities of running a fund as a side business, the importance of choosing the right partners and advisors, and why understanding your value is essential when working with other people's money.
Topics Covered
- How fund managers can make money through fees, equity, and promote
- Understanding fund structure, carry, splits, and waterfalls
- How to determine the value you bring to investors
- Strategies for raising capital and finding fund investors
- The importance of relationships, referrals, and networking
- What investors should look for when evaluating a fund manager
- Why track record and experience matter when investing in funds
- The platforms and tools available for managing investors and fund administration
- The challenges of running a real estate fund as a side gig
- Why choosing the right partners, attorneys, advisors, and managers is critical
Quotes
“You have to know your value and you have to make some money.”
“Your network is your net worth. You just have to know how to mine your network.”
Connect with Angel: https://www.linkedin.com/in/angel-williams-re/