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Updated about 3 years ago,
NFT's and starting a Real Estate Investment Group. (REIG)
Hi all. Big fan! Thanks for all the knowledge! I have a very unique question. I have a small NFT launch in the coming months. Some of the proceeds will be added to my own company funds to purchase a 3D printer to build homes a faster pace and cheaper cost than wood framing. (I'm Serious)
1)If i wanted to start a Real Estate Investment Club, and have 500 people become members because they bought an NFT I should be able to do that correct? or is it better to Start a Real Estate Investment Group? (REIG) Neither have to be registered correct? purchasers of my NFT will automatically be entered by holding my NFT - They dont have to do anything if they dont want to, they may be able to vote on a few things if they like, and can participate as much or little as they like-
People are Not buying my NFT to get a return on their money, and I will not be advertising it as such, there are other perks and incentives. I do not want any issues with the SEC, I will Not have a house built, and either leased ,or sold for another 12/14 months and no one can look at this as an initial investment contract, or as a security in my opinion. I know the Howey test pretty well-
But.. I want to put in the wording that anyone who gets and holds this NFT will have Access to my Real Estate Investment Club, or my Real Estate Investment Group when the time comes and the cost of your NFT can be returned based on results, and a percentage of profits MAY be divided to holders ( we want to pay people a percentage of profits from out first printer that are in the CLUB/Group without saying it too loudly-
I would love to know who may be the best person to speak to, or who has ideas, or who may want to help.
much appreciated for your time and help.
Sean Nugent -