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Updated over 4 years ago on . Most recent reply presented by

Felix Stone's profile image
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Felix Stone
  • Rental Property Investor
  • Member since Jun 7, 2020
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35
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Felix Stone's profile image
Felix Stone's profile image
Felix Stone
  • Rental Property Investor
  • Member since Jun 7, 2020
Connect
Felix Stone
  • Rental Property Investor
18
Votes |
35
Posts
Tax, SDIRAs & Cost Segregation

Am I violating SEC rules if I get a loan from a friend for a deal

Felix Stone
  • Rental Property Investor
Posted

Hi - I invest in small (2-4) multi-families through a LLC. For an in contract deal (~500k),  I want to sign a promissory note with a friend for around $100K to pay part of the initial investment. (Payback details still TBD). He will be fully passive. 

Am I selling a security in this case if it's a loan from a friend? or asked differently, can this put me in trouble with the law?

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