I want to collect a pool of money from a few investors and invest into commercial real estate and I need to know, the legal guidelines in order to do this. Also if there is a website where I can obtain this information.
2006-07-11 13:28:27 · 2 answers · asked by vrocco2001 1 in Business & Finance ➔ Renting & Real Estate
I agree with the other answer posted.
You need to start by contacting a real estate attorney in your area. Different states have different requirements, so the correct answer depends on where you live. In addition, if your project involves more than a certain number of investors, & depending on how you organize, you may have to register with whoever regulates your state's securities issues and possibly the SEC.
Talk to an attorney before you do anything!!!!!!
2006-07-11 14:06:55 · answer #1 · answered by Homer J. Simpson 6 · 0⤊ 0⤋
Get an attorney! You're going to need one!
What you're wanting to do isn't covered by "legal guidelines", it's more like a "legal minefield" combined with a "rat's nest" of laws and requirements.
2006-07-11 13:32:39 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋