partnering with people to buy commercial building?

[Account Closed]

Is it legal to raise funds for an apartment building? or do i need to be a syndicated investor.

My plan is to get a commercial loan, and partner up with multiple people for the 20% down payment...

Now, Not that i would..... BUTTT! Could i partner up with 20 people all putting in 1k each to fund 20k of a 100k building?

[Ryan Hopkins]

@Account Closed Your down will be 25% for a commercial investment property. I am not a lawyer...repeat I am not a lawyer, but depending on the circumstances and your relationship to your partner(s) you may be able to simply collect funds without forming a syndication. If you were to shop around and solicit funding from every Tom, Dick and Harry...well yeah you're syndicating. You can probably get away with spending $10k on drawing up legal docs if you put in legwork, this simply needs to be adjusted in your proforma, along with exit strategy(ies) and so on.