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.

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.

For example, if you do not list the bank name and address where the security deposit is being held IN THE LEASE, then you are liable for THREE TIMES the security deposit.