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Updated about 3 years ago,
Private Syndications with non-accredited partners question
Hello all,
I'm trying to acquire/confirm some accurate information regarding private real estate syndications. Is it accurate to say that a person (non-accredited investor and lead on the property purchasing/fixing/reselling) is capable of reaching out to others privately (say, individuals in the home construction business who are also non-accredited investors) and gathering a group of them to help invest in said property that will be fixed/sold, without any issues from the SEC such as licensing or requiring accreditation?
I know many real estate syndications are only open to those who are accredited, which affects how you can go about advertising it ect., but as long as a non-accredited person who is taking the lead, can find others(also non-accredited) and pitch them investment opportunity, that in of itself, has no barriers? Is that a fair statement?
Any insight, additional information or corrections is greatly appreciated.
Thanks.