Possibilities with structured partnerships

[Owen Thornton]

Hey guys! I was wondering about what experiences you guys have with setting up partnerships and investing with many people, say to start out with 1 to 5 other people… I know REITS have a lot of potential, though you need 100 people to even start one… In partnerships could you possibly structure it so there are multiple people, people that give small and large amounts of money, and give them a percentage of a property, or group of properties? Could you distribute the cash flow based on a percentage of the property they own?

I am not too sure on the regulations and how you would exactly structure this type of partnership, especially if you wanted to continue to expand…

Is it possible to sell shares of equity in your properties? Can you sell shares, distribute cash flow, and bring people on without violating any SEC codes?

Thanks! I am 17, turning 18 soon, and am just curious in how I can involve family, close friends, and potential future partners in deals, who want to remain passive, but look to me for financial advice. (Not official advice of course, just as an outlet for financial service… which is where I would question if I needed a certain license for)