Private Money pledged to "fund"

[Joaquin Caballero]

My partner and I have been discussing the idea of starting a "fund" for our LLC that would allow private individual to "buy in" to our Property Acquisitions capital. The more they invest, the better their return or obviously, ownership of the fund (shares?). This would be similar to crowdfunding, but we would be offering the fund ourselves, rather than on one of the bigger crowdfunding exchanges, and the fund would be used as a Line of Credit by us, not simply attached to the rehab of a particular property.

I'm pretty sure we would need the assistance of someone who is Series 7 or Series 13 licensed, and possibly an attorney.

Does anyone have any experience with this sort of things and can point me in the right direction as to where/how to get started?

Thanks in advance!