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Updated over 3 years ago on . Most recent reply

Jonathan Carrera's profile image
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Jonathan Carrera
  • Rental Property Investor
  • from Chicago, IL
  • Member since Jul 10, 2019
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Jonathan Carrera's profile image
Jonathan Carrera's profile image
Jonathan Carrera
  • Rental Property Investor
  • from Chicago, IL
  • Member since Jul 10, 2019
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Jonathan Carrera
  • Rental Property Investor
  • Chicago, IL
3
Votes |
12
Posts
Buying & Selling Real Estate

Will I be in trouble with the SEC??

Jonathan Carrera
  • Rental Property Investor
  • Chicago, IL
Posted

I want to buy a 16 units multifamily but the majority of the funds for downpayment will be raised from investors. If I raise $400,000 from 200 investors, would this create an issue with SEC laws ? The approach will be a manager-managed LLC with a general partner and 200 limited partners. Thank you

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Andrea Lane's profile image
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Andrea Lane
  • Member since Jul 29, 2021
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Andrea Lane
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Andrea Lane
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Andrea Lane
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Jonathan

There are many regulations around what you can and can't do.  If your investors are not accredited there is a limit of 35 in a rolling 90 period.  You should contact a real estate lawyer who is familiar with the regulations.

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