How do you raise capital from non accredited Investors?

[Adriel Cisneros]

BiggerPockets community,

Here is my dilemma. 

My primary LPs are friends and family that fall shy of the accredited investor income requirements. They are mostly Spanish speaking small business owners in Pilsen and the lower West Side of Chicago. 

Part of my strategy as a GP is to leverage YouTube shorts (Spanish) and MeetUps to widen my investor base. 

A 506(c) syndication would make sense but it only allows for accredited investors. And a 506(b) syndication is a great alternative because it permits up to 35 sophisticated investors but I cannot rely on my prior advertisement efforts. 

What is the best way to integrate my current LP pool with the correct syndication structure?

[Charles Seaman]

@Adriel Cisneros If the people that you're referring to are all friends that you have preexisting, substantive relationships with, then you can invite them to invest with you in a 506(b) offering.  Just make sure that you document any evidence of your preexisting, substantive relationship with them.  This will important if your records ever get audited by the SEC.