Advertising For Financial Backers And Not Breaking SEC Laws
My question is, how can I advertise for financial backers without running foul of the SEC laws on banking and investing, my understanding is that I would need to be licenesed in some way or other. I am thinking of running an add of some type in the newspaper.
Anyone have experience in this field?
Sure, this is done a lot, by deal makers everywhere, and no securities. concerns as long as you're dealing with one property at a time, not guaranteeing anything (only banks and gov can do that), and not trying to sell stock or partial interests to lots of people.
I advertise for REIs in individual deals constantly, as I have every right to do, and you can too.
"Investor wanted: to be silent partner on a $300,000 property that we can buy for $200,000...or I"ll borrow from the investor and pay a better return than he can get at any bank...call (222)333-4444 for Susie."
Actually, I rarely go by the name of Susie
Thanks for the reply, do you ever get your investors to do long term loans, say 2-3 years, or are they mostly short term?
I do both. I have investors for my flips and also for properties taht I need at least 6 months to a year seasoning on.
I think this is the most thorough discussion of this matter I recall at TCI.
http://www.thecreativeinvestor.com/commercial/modules.php?op=modload&name=Forum&file=viewtopic&topic=31294&forum=12