506(c) Syndication(s) Secret

[Joe Binkowski]

Hey BP Community -

I was sitting-in on an investor presentation for a syndication of an attractive 320-unit Class B MF development in a fast-growing market, and then I realized... it was a 506c project for accredited investors only [which I am not.. yet:)]

So then I began thinking...

How can I possibly get involved?

If I have a capital provider whom wants to be 100% passive and is ready to invest $100k with me (cash), and I have all the syndication structure and offering documents for this project... can’t I just find an accredited investor, present them the deal / get them on board, and go through them?

Why wouldn’t an accredited investor want a small portion of the pie at no-risk?

I’m curious to hear if people have done this in the past, how they did it, how they started, etc.

Any thoughts / discussion / enlightenment on this is encouraged!

Thanks!

[Mike S.]

@Joseph Binkowski

Don’t forget that you can now be qualified as an accredited investor by passing the series 65 exam without any income or net worth requirements.

It will cost you around $200 to $300 and will be valid for 2 years (unless you can park your license with a financial advisor firm, then it will last as long as you maintain it).

It is not a difficult exam and you should be able to pass it with around 40 hours of self study with a good prep book or website.