Our Crowdfunding Network Is Growing Part 4

Several of the meetings with securities attorneys have been set up over the next few weeks. I'm still examining what all can be done with a Regulation D offering under the new rules and what can be done with a new "Regulation A+" offering. I will post more about that in the future weeks as I learn more.

Our network on Fundrise hasn't grown as much over the past week. We probably need to get some real investments on the site to keep the energy up some, but there are so many documents to examine and things to do of late it may be a while before we get something on the site. I also learned that the fees they charge depend on who they deem to have procured the investor. If many of my investors haven't signed up yet I am worried I'll be charged higher fees for them joining after I place an investment, which wouldn't make a lot of sense. I am trying to schedule a meeting with Katlin from Fundrise to discuss this and other matters related to their agreements more.

iFunding asked me to write a guest blog post on preferred returns. I spent about an hour today crafting a 600-word article for them. Once we figure out disclaimers and advertising procedures I'll send it over. I may post the article here on BP as well if there isn't any conflict in doing so.

For now my Realty Mogul push has to be on hold until we can get our debt fund organized. I spoke with a prominent poster on BP that has over 20 years of experience in debt funds about partnering with me on this endeavor and he was agreeable to it. Hopefully we'll be able to get something set up for this later this year when I'm not so busy.

We're closing in on 40 development doors in process in east Austin right now. Our capital capacity and deal flow is far outstripping our ability to do proper diligence on projects before taking them on. Thus I am having to pass on deals and only select the best of breed to take on.

Our builder roster is getting pretty deep now as are our list of other professionals. The constraint right now is time for the principals to make sure we're growing our business properly and not taking on too much or overextending our proven system and resources.