@Calvin Grant Thank you for the suggestion!

Over the past 3 weeks.I have someone willing to finance my 1st deal with 100k but I haven't secured the funds.

If one or more investors just pays money and expects to get a profit based on others' efforts, you have created a security and SEC laws apply.

Even splitting up the buckets between parties and letting everyone participate in a central property management company, or only granting income shares not capital shares, would be better.

@Mel Hayes need to sign a promissory note $45000 secured by the property and record it.

., where it was previously headquartered.High-pressure sales tactics were used to secure money for what were promised to be “low risk” and “conservative” investments, but in reality the funds were funneled to real estate owned by Shapiro, according to the U.S. attorney’s office.Woodbridge eventually became financially insolvent, the scheme began to unravel, and Shapiro in 2017 considering filing for bankruptcy, prosecutors said.Still, he, Roseman and Acevedo continued to sell the fraudulent investments without telling investors Woodbridge was on the verge of collapse, according to the indictment.

However you obviously still have some costs associated with securing the property.

Did you get their security deposit transferred to you at closing?

Example:  Potential investor's name, hello this my name do you have a minute to talk, sure can it talk with you about a potential opportunity to earn 8% - 10% on an investment secured by real estate. 

I have secured an other appointment this Friday from a cold all.