Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jillian Sidoti

Jillian Sidoti has started 13 posts and replied 324 times.

Post: Blind Pool vs Real Estate Syndicate. What's the difference?

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

@Joshua Manning

If a security is being sold, proper documentation is required. 

The test is: 

1. Investment of money

2. More than one investor

3. Investors expect their money to be return along with a "profit" or "return" on their money

4. Someone else is doing all the work (presumably the person/entity selling the securities).

If the opportunity passes the test, then all proper documentation is required (PPM, operating agreement or bylaws, subscription agreement.) Hope this helps. 

Post: Cardone Capital and your thoughts?

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

Here is the filing for your review. Not an endorsement to invest: https://www.sec.gov/Archives/edgar/data/1741665/000147793218003316/cardone_1a.htm

Post: Looking for a real estate and securities consult in North Dallas

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

You are welcome to contact me. Message me and I can send you my calendar. 

Post: David Lindahl and Multi-Family millions

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

Please PM me if you would like some info on Dave Lindahl. I am not a fan. 

Anthony Chara, Brad Sumrok, Lifestyles, Rod Khleif,  Jonathan Twombly, and Than Merrill all have great programs and you won't have to dance with a dirtbag. 

Post: Tulsa Real Estate Fund

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

@chris Johnson. Two totally different laws. Completely different. Tulsa is a Reg A qualified by the SEC. Buytheblock is a CF portal that would be regulated by FINRA and would sell others' securities (not their own.)

Post: Tulsa Real Estate Fund

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

@Bill F. - I appreciate you bringing the ambiguity to my attention. I am going to take a look at amending the offering circular to make it clear that it is a yearly fee. 

Post: Tulsa Real Estate Fund

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

:) I didn't think you had a problem with me being white. But, I just wanted to say I, personally, don't take offense at the tone of the offering. 

Thanks, I try.

Also, to your point @Ibrahim Hughes - although I can appreciate your sentiment about getting through easier at the SEC - I assure you that is my experience and not my race. More than 50% of the attorneys that I believe I have corresponded with at the SEC have been minorities. It is one of the most diversified organizations I have ever dealt with.

Post: Tulsa Real Estate Fund

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

I can't. I am the securities attorney. I never want to look like I am promoting the offering. I don't represent investors. 

Johnetta is actually an officer of the company that is listed in the offering circular as such. I have two other prominent people coming out with Reg As as well and  I wouldn't promote their securities either. 

I appreciate that you are concerned that because I am white, Jay is not "using" me. That is not the case. I have invited Jay to speak at conferences and events. I have never been made feel an outsider or that me being white was an issue or didn't fit the narrative - I am not supposed to fit the narrative. I am just supposed to make the story legally compliant. 

Post: Tulsa Real Estate Fund

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458

I am their securities attorney. Johnetta is an officer of the company and a lawyer. I strictly do the securities filings. 

Post: Tulsa Real Estate Fund

Jillian SidotiPosted
  • Professional
  • Murrieta, CA
  • Posts 405
  • Votes 458
Originally posted by @James Niemeyer:

Please don't mistake my opinion of this fund offering as a personal attack on you, that's kind of silly isn't it? We all have our jobs to do.

 I definitely do not. If I thought every judgment my clients went through was a personal attack...well, I would be very shell-shocked right now. 

I just want you to understand, why, on this thread, my answers are short and somewhat cold - seeming almost incomplete.