Posted by John Merchant on June 05, 2006 at 13:06:11:
“Many” investors would constitute a securities offering or solicitation on your part, and that would take registration or filing with your seurities division of your sec of state office.
I’d recommend any layman looking at this seriously talk to a lawyer who practices in the securities area and get his opinion as to which way to go. He can tell you the costs and alternative routes you might follow.
Alternative to Creating a REIT - Posted by Ben
Posted by Ben on May 30, 2006 at 10:24:04:
Several individuals I interact with have expressed interest in having me invest some of their available liquidity into real estate on their behalf. While I feel capable of handling a few individual investors with whom I have a personal history and trust is not an issue, I am interested in creating a structure that allows for me to pull in funds from many investors that offers them security while avoiding heavy regulation but remaining aboveboard. Is there a way to use an existing LLC for this purpose? If not, what would be the best way to move forward?