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1 February 2025 | 4 replies
You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.
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24 January 2025 | 6 replies
Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.
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14 February 2025 | 19 replies
If so they may have a real estate license or they may work with an agent that relies on repeat business rather than a one-off purchase.
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8 February 2025 | 22 replies
Because I'm busy doing it, lol.
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29 January 2025 | 0 replies
I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.
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11 February 2025 | 18 replies
If the state matters, I'm interested in Connecticut90% of our clients is OOS investors and our business process is tailor-made for them.
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3 February 2025 | 27 replies
Self management works if you are local and can separate emotion from business.
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24 January 2025 | 9 replies
I have two phones, one for business and one for personal.
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26 January 2025 | 30 replies
Hard part with business is separating your emotions from it.
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3 February 2025 | 15 replies
First two deals were cash, we were running business out of the locations and had the opprotunity to buy.. no brainer :)