3. Invest in an IRA. 7. Invest in stocks. In this day and age, there are ample investment options. It's wonderful to have so many choices, but deciding on a direction might be overwhelming. Here ...May 24, 2023 · 5. Mortgage REITs. Approximately 10% of REIT investments are in mortgages as opposed to the real estate itself. The best known but not necessarily the greatest investments are Fannie Mae and ... They’re also prone to risk in rising interest rate climates. 3. Buy Property Directly. A final, though likely cost-prohibitive, opportunity to invest in New York City real estate is through ...If your annual income is greater than $107,000, you can invest up to 10% of your income or a maximum investment no greater than $107,000. 2. Uncertainty. One of the biggest challenges that you will face when recruiting investors for your crowdfunded deal is that investors may be unfamiliar with you or your business.Option 2: Finance your property with a private individual lender. Private individual lenders are lenders who operate outside of financial institutions. They make a profit generally by lending ...- willingness of promoter to set up Irish management company (required for unit trust and common contractual fund but not for investment company);. - portfolio ...If you’ve recently started to dip a toe into the world of investing, it’s highly likely that you’ve heard of hedge funds. But their name doesn’t give much away. Hedge funds are a relatively new idea; they’ve only been around since 1949.When it comes to tax deductions, it's hard to do better than owning investment real estate. Most of what you spend while you own your investment properties is tax-deductible as an expense that comes off of your rent. The only expenses that ...Nov 8, 2023 · The ongoing requirements for a REIT are: Pay 90% of the REIT's taxable income to investors in dividends. At least 75% of the REIT's assets must be in real estate, or real estate mortgages ... As is the case with investment funds in general, real estate funds are trending toward greater levels of specialization. Specialization may be by asset class, strategy, or both. Examples of asset class-specific firms include: office, retail, medical, industrial, agricultural, storage, hospitality, etc. Real estate fund strategies can be looselyLearn how to invest in real estate without owning physical property, such as buying REITs, using online platforms or investing in rental properties. Find out the pros and cons of each method, the fees and requirements, and the best real estate crowdfunding platforms.Property funds are a type of collective investment fund that invest primarily in real estate and real estate-related assets. ... real estate assets that can form ...Oct 30, 2023 · Cons Of Investing In Real Estate. • High initial costs: In most cases, a real estate investment requires a significant amount of upfront capital to invest. Purchasing a property involves not ... 3. House Flipping. House flipping is for people with significant experience in real estate valuation, marketing, and renovation. House flipping requires capital and the ability to do, or oversee ...... form of equity and offers you better liquidity than the physical real estate ... Real Estate Vs Mutual Fund – Which is a Better Investment? Mutual Funds Real ...Decide on the Scope The first step in setting up a real estate investment fund is identifying a potential property or properties to buy. Because the property purchased must increase …Build your network: Join local real estate investor meet-up groups. Join and participate in LinkedIn. Attend local industry events. 4. Venture Capital. Look for venture capital, aka angel investors. A real estate angel investor may help you finance the purchase of a property.Investing in real estate investment trusts (also known as REITs) is an excellent way to get started with limited funds. REITs are companies that own, operate or finance income-generating real estate .Our approach to establishing real estate investment funds involves three primary phases: (i) Strategy and Goals; (ii) Terms and Structure; and (iii) Drafting. The …5 sept 2019 ... How to Start a Real Estate Investment Fund from Scratch. Bridger Pennington•119K views · 39:50 · Go to channel. How To Structure A Real Estate ...At its simplest, a private equity real estate fund is a group of people pooling their money together to buy a piece of real estate. One simple example might be 10 people each putting down $100,000 to buy an apartment building worth $1 million. In practice, most private real estate funds are more complicated. Most funds have more investors and a ...Jul 7, 2023 · Investing in real estate investment trusts (also known as REITs) is an excellent way to get started with limited funds. REITs are companies that own, operate or finance income-generating real estate . Take guidance from the following tips as you open the door to starting a real estate business: Think Through Professional Goals. Conduct In-Depth Research. Organize Your Finances. Craft Your Business Strategy. Form An LLC. Plan Your Marketing. Build A Website.Methodology. Forbes Advisor’s list of best crowdfunding platforms divides this unique class of investing tools into options that are tailored to accredited investors and non-accredited investors ...Here’s what you need to do: 1) Pick the type of income property you want to invest in. Moreover, pick out the real estate market you find is the best fit for that type of property. 2) Plan properly. Now, the most important part of your plan is the real estate investment strategy you choose.Buy Right – Once you have the foundation and capital, focus on making the right acquisitions. 6. Use Debt Responsibly – As you grow and manage your assets, it’s essential to use leverage wisely. 7. Don’t Cross-Collateralize Assets – A crucial principle to keep in mind for the long-term stability of your fund.As is the case with investment funds in general, real estate funds are trending toward greater levels of specialization. Specialization may be by asset class, strategy, or both. Examples of asset class-specific firms include: office, retail, medical, industrial, agricultural, storage, hospitality, etc. Real estate fund strategies can be looselyCongress created REITs so that anyone could own income-producing real estate. REITs must pay a dividend, making them a great way to earn passive income. Add in their diversification benefits and ...If you’ve been interested in real estate investment management, then it’s likely you’ve been wondering how to create a real estate investment fund. Let’s take a …The process for starting a real estate investment fund involves much more than an attorney drafting the formation and disclosure documents and preparing regulatory filings. Drafting the documents is only one component of a comprehensive fund formation process. Long before the attorneys begin preparation of the formation and offering …3 oct 2023 ... Investing in Real Estate can be a lucrative and rewarding business. Discover which real estate investing strategy is right for you with our ...Consider REITs. Real estate investment trusts (REITs) are a great way to start real estate investing passively with a high level of diversification. REITs own, operate, or finance income-producing real estate across many property sectors. REITs allow anyone to invest in real estate assets by purchasing individual company stock or through a mutual fund …formation and operation of investment funds in Ireland, which has played a major role in establishing Ireland’s pre-eminence as a global location for establishing and administering investment funds. Ireland is one of the leading regulated domiciles for internationally distributed investment funds. Irish funds are sold in seventy countriesA real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate.REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests.Some REITs engage in financing real estate. …21 sept 2022 ... Real estate is considered an investment because it generally increases in value over time AND produces income in the form of rents. There are ...8. Flip properties. Some people invest in real estate with a single intention: to improve the property and then sell it on. This is called house-flipping and, if done right, we find that it can be lucrative. The key …How Technology Can Help You Get Started With a Real Estate Investment Fund. Starting a real estate investment fund can be easy if you have the right technology in place. Modern solutions, like AppFolio Investment Manager can help you organize your fund, manage finances, and communicate with your investors. Here are some ways AppFolio Investment ...The commercial real estate market is quite different than the stock market, but similar investment risks and strategies still apply. Low commission rates start at $0 for U.S. listed stocks & ETFs ...While most real estate funds are only available to accredited investors and have minimum investments starting at $50,000 to $100,000, CalTier’s latest fund is also available to non-accredited ...Establishing a Partnership and Raising Equity Capital. To start a real estate investment fund, a partnership needs to be established to raise equity capital, with a general partner and limited partners playing essential roles. A real estate private equity fund serves as the vehicle for this partnership, created by the general partner ( sponsor ...How to Start a Real Estate Investment Fund. Learn how to start and scale a real estate fund from scratch with no prior experience. 🔴 Want to start a fund? J...- willingness of promoter to set up Irish management company (required for unit trust and common contractual fund but not for investment company);. - portfolio ...Option 2: Finance your property with a private individual lender. Private individual lenders are lenders who operate outside of financial institutions. They make a profit generally by lending ...BAREX - BlackRock Real Estate Securities Inv A - Review the BAREX stock price, growth, performance, sustainability and more to help you make the best investments.24 jun 2020 ... Individuals who want to passively invest in real estate private equity essentially have two choices: Build their own portfolio by investing in ...A real estate fund can invest in a real estate investment trust to offer benefits to investors, making REIT a part of the investment. Real Estate Mutual funds offer wider diversification than the REITs based on the investment strategy and have the benefit of experts and professionals managing their portfolio, unlike the REITs. REITs distribute ...Ultimately, the decision to invest in commercial real estate will depend on your overall goals. Some people prefer to stick with single-family homes and never enter the CRE market. However, those ...Property funds are a type of collective investment fund that invest primarily in real estate and real estate-related assets. ... real estate assets that can form ...Build your network: Join local real estate investor meet-up groups. Join and participate in LinkedIn. Attend local industry events. 4. Venture Capital. Look for venture capital, aka angel investors. A real estate angel investor may help you finance the purchase of a property.May 19, 2023 · Step 6: Review and adjust the stop loss, leverage, and take profit settings; Step 7: Click ‘open trade.’. Next, let’s look at the different types of property investment methods in greater detail, starting with the most accessible, i.e., indirect property investments. An ETF fund can be purchased or sold on a stock exchange the same way as a regular stock. An ETF can be structured to track anything, such as the S&P 500 index, certain …Yes, the SEC Wants Real Estate Fund Managers to Register. After six months baking in the oven, the new Form ADV is ready. (To be more precise, the new Part 1 is ready. Part 2 has been sitting on the table for almost a year.) Form ADV still calls for real estate fund managers to register as investment advisers.Below are seven must-haves for a well executed business plan: Outline the company values and mission statement. Break down future goals into short and long term. Strategize the strengths and weaknesses of the company. Formulate the best investment strategy for each property and your respective goals.21 sept 2022 ... Real estate is considered an investment because it generally increases in value over time AND produces income in the form of rents. There are ...In order to qualify as a REIT, a company must make a REIT election by filing an income tax return on Form 1120-REIT. Since this form is not due until March, the REIT does not make its election until after the end of its first year (or part-year) as a REIT. Nevertheless, if it desires to qualify as a REIT for that year, it must meet the various ...If you’re looking to pursue a career in real estate, investing in high-quality education and training is essential. One name that stands out in the industry is Kaplan. One of the key reasons why Kaplan real estate courses are highly regarde...Benefits of Joining a Real Estate Investment Group. Networking – One of the main advantages of joining a real estate investment club is the opportunity to network. Most clubs have physical or virtual meetings at least once a month. You can network with other investors, as well as professionals like accountants, contractors, brokers, real ...18 ene 2023 ... ... funds when you subscribe to Morningstar Investor. Start Free Trial. The author or authors do not own shares in any securities mentioned in ...Take guidance from the following tips as you open the door to starting a real estate business: Think Through Professional Goals. Conduct In-Depth Research. Organize Your Finances. Craft Your Business Strategy. Form An LLC. Plan Your Marketing. Build A Website. How to Start a Real Estate Investment Fund. Learn how to start and scale a real estate fund from scratch with no prior experience. 🔴 Want to start a fund? J... Nov 27, 2023 · A real estate investment trust (REIT) is a company that owns, operates, or finances real estate that produces passive income . You can start investing by buying shares in publicly-traded REITs or real estate funds, such as mutual funds and exchange-traded funds ( ETFs) without needing a lot of money. 5 ene 2022 ... But through investment products like mutual funds and ETFs tied to real estate ... invest in your own real estate? Unlikely, ” said Thiederman ...We’ve got some answers to some of the typical questions for all those aspiring empire builders who want to scale up their real estate investment business and start a real estate investment company. Section 3(a)(11) of the Securities Act is generally known as the “intrastate offering exemption.”formation and operation of investment funds in Ireland, which has played a major role in establishing Ireland’s pre-eminence as a global location for establishing and administering investment funds. Ireland is one of the leading regulated domiciles for internationally distributed investment funds. Irish funds are sold in seventy countriesThe Growth Fund will draw upon the BBB’s expertise and a permanent capital base of over £7 billion to give pension funds access to investment opportunities …25 mar 2021 ... An Introduction to Real Estate Fund Management - Ways to invest in Real Estate (webinar highlight) · Comments.How to legally start a hedge fund. 1. Define your strategy. The first thing you need to do is define your investment strategy as clearly as possible. Make sure the strategy is replicable and ...Give a few strong details of the reason for your pitch, but keep it short and sweet. In the later parts of your presentation, you will deliver the main course. Demonstrate your leadership skills – Articulate your goals and how you aim to pursue them. Ultimately, it should not go beyond 2 pages or slides.A U.S. real estate fund often invests with a real estate investment trust (REIT) or uses a REIT as a legal vehicle for a joint venture with a tax-exempt investor or a foreign investor. A REIT is, in summary, any U.S. business entity that acts like a mutual fund with a real estate concentration.Aug 16, 2019 · See: How to Invest in Real Estate Without Buying Property. For the first-time property investor, the challenge lies in deciding which approach to take within this realm of real estate investing ... One of the biggest advantages of investing in crowdfunding for real estate is that investors can commit far lower amounts of capital, sometimes as low as $500 or $1,000. One downside to investing ...In order to qualify as a REIT, a company must make a REIT election by filing an income tax return on Form 1120-REIT. Since this form is not due until March, the REIT does not make its election until after the end of its first year (or part-year) as a REIT. Nevertheless, if it desires to qualify as a REIT for that year, it must meet the various ...13 oct 2022 ... Investing in a private real estate fund typically means that you are using your money to acquire, finance, and own a specific property or ...5. Mortgage REITs. Approximately 10% of REIT investments are in mortgages as opposed to the real estate itself. The best known but not necessarily the greatest investments are Fannie Mae and ...If you’ve recently started to dip a toe into the world of investing, it’s highly likely that you’ve heard of hedge funds. But their name doesn’t give much away. Hedge funds are a relatively new idea; they’ve only been around since 1949.formation and operation of investment funds in Ireland, which has played a major role in establishing Ireland’s pre-eminence as a global location for establishing and administering investment funds. Ireland is one of the leading regulated domiciles for internationally distributed investment funds. Irish funds are sold in seventy countriesIf you plan to use your real estate business to fund your retirement, this is a great way to obtain investment capital. 4. Hard And Private Money Loans. Hard and private money lenders both offer ...21 jul 2023 ... ... your own risk appetite carefully before making an allocation,” explains Markus. “If you invest in a Swiss residential real estate fund, for ...Fundrise is a real estate investment app you can use to invest in IPOs, venture funds, and properties in the US — with as little as $10. Start investing today.Establishing a Partnership and Raising Equity Capital. To start a real estate investment fund, a partnership needs to be established to raise equity capital, with a general partner and limited partners playing essential roles. A real estate private equity fund serves as the vehicle for this partnership, created by the general partner ( sponsor ...Ways to Fund a Real Estate Investment. Real estate investing is a lucrative investment. But just like other investments, you need capital to start. Here are the best ways to fund your real estate investment in the Philippines. Finance with cash. If you have savings, you can pay for the full price of your property with cash. Nov 9, 2023 · Public non-listed REITs are available for investment to all U.S. investors, but their shares aren’t listed on a major exchange. Most of the REITs offered by real estate crowdfunding platforms ... 23 feb 2022 ... If you think that you are unable to begin real estate investing for lack of funds, it may be time to think again. In this article, we will go ...THIS ARTICLE INTRODUCES the contemporary structure of private equity real estate funds and outlines the steps necessary to create and properly manage a fund. It discusses the motivations for creating a fund and the factors that should be considered when setting one up. Starting a real estate investment fund is easier if you’re using the right tech. Covercy will help you organize your fund, manage finances, and communicate with your investors by letting you: Create …Congress created REITs so that anyone could own income-producing real estate. REITs must pay a dividend, making them a great way to earn passive income. Add in their diversification benefits and ...How to start a real estate investment fund, ikea speakers, google stock price prediction 2030
See Setting Up a Private Equity Real Estate Fund, Part 2, detailing the securities laws that govern investment funds, offering terms and fund operations. Download NAIOP's white paper Creating a Private Equity …. How to start a real estate investment fund
dell buybackFeb 21, 2023 · As a founder of the fund, you will be a general partner and fund manager responsible for things such as: Finding lenders to secure financing. Managing cash flow and budgeting for expenses and future investments. Evaluating properties when looking to boost value and returns. Assisting in buying or selling properties. The first step in launching a real estate fund is to create a business plan. This plan should outline the objectives of the fund, the investment strategies that will be …Active Investing: Side hustles that provide active income, such as freelance consulting, home renovation services, or real estate agent work, can align well with active real estate investing. Combining a side hustle with real estate investment is a powerful strategy to unlock financial freedom.We are looking into opening up a real estate investment fund to raise private capital. We figured we could save money by opening up investment funds, than paying a lot of interests using a hard money lender. Hard Money Lenders cost about 12% per year, while our Investment Funds can pay a range of 7 - 12% depending on risks.1. Pick a lane. The most important steps in real estate investing happen before you actually buy anything, Mehta says. “It’s all in the pre-planning phase and then striking a deal when the ...The ongoing requirements for a REIT are: Pay 90% of the REIT's taxable income to investors in dividends. At least 75% of the REIT's assets must be in real estate, or real estate mortgages ...13 oct 2022 ... Investing in a private real estate fund typically means that you are using your money to acquire, finance, and own a specific property or ...Nov 27, 2023 · Can You Start Your Own Real Estate Investment Fund? Photo Courtesy: [Prostock-Studio/iStock] Yes, you can create your own real estate investment fund. To begin with, you must get a lawyer–specifically, a securities lawyer. This is a lawyer specialized in creating private investment offerings and handling legal issues related to the investment. Dec 1, 2023 · Invest at least 75% of total assets in real estate or cash. Receive at least 75% of gross income from real estate, such as real property rents, interest on mortgages financing the real property or ... Nov 9, 2023 · A REIG is a group of private investors who invest primarily in real estate by pooling money, knowledge, and/or time to acquire properties that generate income. The investment strategy used by the ... 14 ene 2022 ... Collaborate with an investor. There are times when you find a profitable property with a good scope but lack the funds to invest in it. In such ...There are many benefits to investing in real estate with your IRA or 401 (k), including tax benefits, asset diversification, appreciation potential, and passive income. …November 10, 2023. A real estate investment company offers the opportunity to build long-term wealth while separating your personal assets from business assets. Historically, real estate companies ...How to legally start a hedge fund. 1. Define your strategy. The first thing you need to do is define your investment strategy as clearly as possible. Make sure the strategy is replicable and ...An ETF fund can be purchased or sold on a stock exchange the same way as a regular stock. An ETF can be structured to track anything, such as the S&P 500 index, certain …Set Your Real Estate Fund Up for Success. Forming a private real estate fund provides a means for the successful real estate developer to access a dedicated pool of capital to fund new investment deals without having to raise capital on a deal-by-deal basis. This article provides an overview of some of the key structural considerations related ... The most typical way to start is either house flipping or whole selling. So I have a mentor who is the co-founder of a $20 billion family of funds that are primarily focused …Jun 9, 2021 · You’ll need a steady deal flow to ensure that the fund can deploy all of the raised capital and earn a return. As discussed above, starting a fund typically requires $15-25 million of equity, which, with the use of leverage, means approximately $60-100 million in assets under management. Depending on your average deal size, the number of ... Are you looking for the perfect property in Jamaica? With its stunning beaches, lush rainforests, and vibrant culture, it’s no wonder so many people are drawn to this Caribbean paradise. Whether you’re looking for a vacation home or an inve...Apr 25, 2022 · Equity Residences is a luxury real estate investment fund. We offer a way for accredited investors to own a portfolio of luxury vacation homes both for personal use and as an investment. Our Equity Platinum Fund is raising $50 million to acquire twenty residences ranging from $1.5M to $4M, which are owned debt-free. Oct 30, 2023 · Cons Of Investing In Real Estate. • High initial costs: In most cases, a real estate investment requires a significant amount of upfront capital to invest. Purchasing a property involves not ... At Capital Fund Law Group, we focus our expertise and knowledge on investment advisory services, fund formation, securities law, corporate law, and taxation. Our client-tailored flat fee will take you from start to finish, assuring no unexpected, hidden charges during the formation process. We concentrate our expertise on your specific legal ...The first step in setting up a real estate investment fund is identifying a potential property or properties to buy. Because the property purchased must increase in value to be profitable and attractive to investors, you should come up with a plan to make that happen beforehand. It could be constructing new buildings, cashing in on economic ...Real Estate Investment Trust - REIT: A real estate investment trust, or REIT, is a company that owns, operates or finances income-producing real estate. For a …You can't live in the property, though—it has to be an investment. It’s complicated—there are a lot of rules, and it requires a lot of capital—but investing in property through an IRA can be a good way to diversify your investments, especia...Real Estate. For an option for high-return investment in Pakistan, real estate is one of the most popular and widely-used opportunities. People buy property, especially land, and leave it unattended for a period of time. Over the years, the price of real estate has increased. It can then be resold when it commands a much higher price.Establishing a Partnership and Raising Equity Capital. To start a real estate investment fund, a partnership needs to be established to raise equity capital, with a general partner and limited partners playing essential roles. A real estate private equity fund serves as the vehicle for this partnership, created by the general partner ( sponsor ...Capital growth refers to the increase in value of your property over time, which is calculated by comparing the current market value with your initial purchase price. For example, if you purchased ...One of the biggest advantages of investing in crowdfunding for real estate is that investors can commit far lower amounts of capital, sometimes as low as $500 or $1,000. One downside to investing ...When it comes to tax deductions, it's hard to do better than owning investment real estate. Most of what you spend while you own your investment properties is tax-deductible as an expense that comes off of your rent. The only expenses that ...At its simplest, a private equity real estate fund is a group of people pooling their money together to buy a piece of real estate. One simple example might be 10 people each putting down $100,000 to buy an apartment building worth $1 million. In practice, most private real estate funds are more complicated. Most funds have more investors and a ...1. Pick a lane. The most important steps in real estate investing happen before you actually buy anything, Mehta says. “It’s all in the pre-planning phase and then striking a deal when the ...At Capital Fund Law Group, we focus our expertise and knowledge on investment advisory services, fund formation, securities law, corporate law, and taxation. Our client-tailored flat fee will take you from start to finish, assuring no unexpected, hidden charges during the formation process. We concentrate our expertise on your specific legal ... As a first step, the company is creating a platform that improves the everyday life of building users - in their own fund properties and in third-party ...Decide on the Scope The first step in setting up a real estate investment fund is identifying a potential property or properties to buy. Because the property purchased must increase …Public non-listed REITs are available for investment to all U.S. investors, but their shares aren’t listed on a major exchange. Most of the REITs offered by real estate crowdfunding platforms ...Investing in real estate can be a great way to build wealth and generate passive income. But it can also be a daunting task, especially when you’re unfamiliar with the process. That’s why it’s important to partner with a reliable and experi...Putting your real estate investment in an LLC can make it more profitable and less risky Here's how to do it. Ready to start your business? Plans start at $0 + ...If you’ve recently started to dip a toe into the world of investing, it’s highly likely that you’ve heard of hedge funds. But their name doesn’t give much away. Hedge funds are a relatively new idea; they’ve only been around since 1949.Baron Real Estate Income Retail (BRIFX) Manning & Napier Real Estate W (MNRWX) Principal Real Estate Securities Fund R-6 (PFRSX) Fidelity Real Estate Investment Port (FRESX) Next Up In Investing ...Nov 10, 2023 · November 10, 2023. A real estate investment company offers the opportunity to build long-term wealth while separating your personal assets from business assets. Historically, real estate companies ... According to the IRS, approximately 71 percent of Americans that declared more than a million dollars on their income tax returns in the last 50 years were in real estate. Ironically, beginner investors face the challenge of …At Capital Fund Law Group, we focus our expertise and knowledge on investment advisory services, fund formation, securities law, corporate law, and taxation. Our client-tailored flat fee will take you from start to finish, assuring no unexpected, hidden charges during the formation process. We concentrate our expertise on your specific legal ...Dec 29, 2022 · Ultimately, the decision to invest in commercial real estate will depend on your overall goals. Some people prefer to stick with single-family homes and never enter the CRE market. However, those ... The process for starting a real estate investment fund involves much more than an attorney drafting the formation and disclosure documents and preparing regulatory filings. Drafting the documents is only one component of a comprehensive fund formation process. Long before the attorneys begin preparation of the formation and offering …The process for starting a real estate investment fund involves much more than an attorney drafting the formation and disclosure documents and preparing regulatory filings. Drafting the documents is only one component of a comprehensive fund formation process. Long before the attorneys begin preparation of the formation and offering …I think real estate crowdfunding can be an intriguing way to learn about commercial real estate investing and also diversify your assets. I wouldn’t lay all of my money on these platforms, but they do make an intriguing alternative investment. » MORE: Best real estate investment apps. 7. Buy a mutual fundTherefore, ensure that the funds sponsor is trustworthy, with experience in and knowledge of real estate funds. Also, the management should be transparent about previous ventures and the returns. 3. Structure of the Fund. A real estate investment fund can either be an open or closed fund, and the. F150 lightning used, nysearca dgro