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Updated about 11 years ago,
Curt SmithPoster
#4 Innovative Strategies Contributor
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- Rental Property Investor
- Clarkston, GA
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private borrowing question: re non-accredited lenders
Greetings, I've bought Alan Cowgill's private borrowing course but I must have fallen asleep when the topic of non-accredited lenders came up.
I plan on registering with my state, GA, and Fed SEC so I can advertise and borrow from strangers in other states. How am I limited when registered to borrow from little old ladies who only have $500k to their name and they want to lend me $100k and I don't know this person?
I could stretch out the relationship and have 3 meetings exceeding 1 month and then they'd be in the "Associates" bucket. Does this alone allow me to borrow from non-accredited lenders?\
Thanks, curt