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Updated over 4 years ago,
Fine Line between Syndication and pooling capital?
I've been investing for almost 10 yrs with my and a few friends captial in SFHs and now flips. I've been wanting to go full time with it, but I can only do so many projects at one time (1-2) with the capital we have and that's not enough for me to quit my day job. I have other people interested in getting into real estate and started thinking of having them setup an LLC for me to then do the work.
overall question is, at what point would this be considered syndication work and me needing to be registered with SEC and all that? if I'm not soliciting strangers and they are all people I know personally does that make it clear/safe from being considered a syndicator?