Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago,

User Stats

15
Posts
2
Votes
Marcus Gaethke
Pro Member
  • Specialist
2
Votes |
15
Posts

Syndicating with non-accredited investors

Marcus Gaethke
Pro Member
  • Specialist
Posted

As I have been growing my investment portfolio I have had multiple friends and family approach me about investing together.  My business partner and I have decided we would like to invest in an apartment by syndicating funds [under506(b)] with friends and family.  I am unsure of the actual financials of each of the potential investors and would not want to deny them the opportunity do to them not being accredited.  I know that in order to be sophisticated you can either be accredited or "have sufficient knowledge and experience in financial and business matters".  How do you determine that the person "has sufficient knowledge and experience in financial and business matters"?

  • Marcus Gaethke
  • Loading replies...