Securities Lawyer for raising money to fix n flip

[Account Closed]

I am a fix n fliper looking for a securities lawyer.  I am guessing I will need one if I am having private people lend on my projects?  

My understanding is that when raising money for a large multi-family project a syndication is what it is called.  Is the same thing applicable in raising funds for fix n flips?

[Jessica Zolotorofe]

Sort of. So, if you plan on having many investors as opposed to family and friends or acquaintances, and you plan on advertising seeking investors, etc. then you need a securities lawyer to prepare the documentation for you. If you are talking about smaller scale, i.e. 10-15 investors, then you are not subject to certain federal and state regulations and you can choose to approach it as a small-scale stock offering, or you can form an LLC and they can purchase membership interest. The simplest way to handle, more conducive to a much smaller number of investors would be to just do notes and mortgages for the investors, assuming your attorney can draft around priority issues, or you can offer higher interest to investors for lower mortgage priority. If you'd like to discuss further, please feel free to email me. Best of luck!