Raising money from friends and family

[Jeff Wilson]

Hello,

I have a small real estate business where I own a few rentals and do some fix and flips. I want to start borrowing money from friends and family in order to grow my business. My question to you is if I need some sort of real estate or investment company licence to do this? Also are there any rules regarding raising investment money like this and do I need to make sure the investors can "afford" the investment or are somehow "accredited"?