Investor money and the SEC

[Jim Barron]

Where can I find information on investment money for R.E.
and how to stay compliant and out of trouble with the SEC?

[Jon Holdman]

Here's my understanding. Not a lawyer, and you really want a lawyer if you get serious about trying to raise money.

You can ask anyone to loan you money. You can legally walk up to strangers in the mall and ask for a loan.

If you want people to invest in your company, they you are limited to people you have an existing relationship with unless you do a public offering. At that point, you're selling securities. You can do a Regulation D filing and have a small number of people and various amounts of money. All limited to people you know. If you want to advertise publicly, you're into public offerings and must follow all the rules.