It is easy to assume that the point of the event is to bring in a bigger pool of investors for those who are actually doing the deals, but the thing is the SEC requires you to have a pre-existing relationship with the sponsor in order to invest.

Sometimes, if you do it right, and know the right people, etc, you can get a pre-existing non conforming exemption.I have obtained this type of waiver in CA.

Hello all, I am currently looking to buy a 2 or 3 flat (duplex/triplex for some of you)Ill try to give the most precise details I can and if someone could give me a ballpark figure I would greatly appreciate it.3 units2 - 2 bed 1 bath1- 1 Bed 1 bathI would need basically a complete gut and rehab which includes...Old shingles tear off install newNew drywallNew kitchens/bathNew fixturesNew plumbing through outNew flooringNew HVAC (None pre-existing) New electric through out - (minus panels)-Essentially brand new everything.Again, ballpark figures

I think that it will be challenging to find PMLs willing to lend an amount above the purchase price of the home especially if there is not a very strong track record of performance or a strong pre-existing relationship. 

I also can't fundraise publicly, so this is preexisting relationships...

Do you have a pre existing relationship with the lender?

What are your pre-existing build options? 

Your offering is made only to investors with whom you have a pre existing relationship; you can have up to 35 “sophisticated” investors and an unlimited number of accredited investors.

I am looking to raise money from friends & family or a mixture with people I have pre-existing relationships with such as co-workers or people I know with money or money in they 401k. 

If I have to sell, they'll pay off the pre-existing mortgage no problem.