Accounting, including auditing if required for your exemption as a security, distributions to investors, plus asset management all will take time and money to stay on top.

Anyway, here's what the fact sheet says:The final rule approved today makes changes to Rule 506 to permit issuers to use general solicitation and general advertising to offer their securities provided that: The issuer takes reasonable steps to verify that the investors are accredited investors.and then later in the Fact Sheet:The determination of the reasonableness of the steps taken to verify an accredited investor is an objective assessment by an issuer.

Of course, securing the land would be difficult in a downtown area if not very expensive.

That information would be worth its weight in gold :-)@Dawn Anastasi I have the same investment strategy as you!

The second mortgage amount of $40,000.00 must be secured with another instrument other than the property.

Would you be able to secure enough by the time your single family is finished with the smaller immediate return?

I was not able to secure a deal on any, likely because their number/$ and mine were not close enough.

Now the only question would be whether to secure the funding first or find the properties first.

I think it's really about what level you are at.I was reading an article recently that said the most people start to feel wealthy and secure around the 5 million mark with 4 million equity and at least 1 million in cash.The people at 1 to 2 million felt like they were progressing but not close enough yet.Many people are trying to cover their lifestyle and business operations and to purchase more deals.

When I got home I noticed one of them had not entered his social security number so I called them with the supplied phone numbers.