You should create a Reg CF or Reg D 506(b) or (c) offering and hire an attorney to help you launch your fund.
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How do I as a real estate investor launch a QOF and bring in capital?
I am an experienced real estate investor and rehabber on the ground in OZs searching for properties in Mississippi, Alabama, Florida, and Georgia that would be good for small-scale developments in areas with strong job markets. I would be an ideal candidate for starting an OZ fund and would be putting my own capital gains in it. How do I navigating the process of becoming a QOF and also on bringing in capital?
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You should retain counsel and an accounting firm experienced in OZs. They will set up entities for you and draft the necessary documents. You will need a Private Placement Memorandum and a pitch deck, which sophisticated investors will expect from you when you raise capital. In my experience, the venture will have a better chance at success if you can identify specific properties you'll be purchasing and developing, rather than approaching investors with a general philosophy but not any concrete ideas yet.
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