Raising money for deals on social media

[Zevi Arem]

Is it legal to post on social media about raising money for real estate deals without a crowdfunding platform or any deals yet in place but for future deals and if it's not legal to publicly post on social media platforms are you allowed to raise money through private messaging on social media?

[Ellis Hammond]

@Zevi Arem it is my understanding that if you don't have a deal that you are specifically raising money for currently it is ok to market yourself. Post pics of old properties and let your friends know you are in the real estate investing business and garner up leads that way. 

If you do have a specific deal you are raising money for then yes that matters how your LLC is registered and the SEC laws that follow.

If you are just getting into this, focus on building relationship and adding value to ppl. Dont be sliding into the DM's the first time asking for money haha. 

Cheers 

EllisHammond.com