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Financing, Hard Money Lenders, Credit, Qualifying
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Topic: Where to Find the Rules for Soliciting Private Investors... (Read 698 times)
hart
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Posts: 79
Where to Find the Rules for Soliciting Private Investors...
«
on:
March 21, 2010, 09:41:45 AM »
We currently own several properties free and clear and are frequently encountering new opportunities in our niche.
We would like to borrow money from private investors - essentially as a mortgage/note that will be secured by the property and recorded with the city. The mortgage/note will be to our LLC that owns the property, we would personally guarantee the loan.
The potential investors that we target are "friends"/acquaintances, etc. - very rarely complete strangers. And we only concentrate our efforts within the same state that we work/live/operate.
Having said all that, we want to make sure that we don't break any laws regarding the solicitation of private investment.
Is there a certain place where I could read upon on applicable laws/regulations?
Thanks for any help/suggestions.
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jeffcichocki
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Re: Where to Find the Rules for Soliciting Private Investors...
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Reply #1 on:
March 23, 2010, 08:40:45 PM »
I would start with your states SEC web site. I have quite a bit of information on various states if you can tell where you live. Maybe I have something I can shoot your way to help.
Jeff
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