Private Money
Hey all, I am looking to start my investment career immediately... Please help me find affordable/Trustworthy Private money... Again, I want to start immediately... Please respond with any info you have...
Thanks a Million,
John
1st of you might what to do some research and what ios and is not legal to do.
Your email is considered an solicitations and violated many state and federal securities laws.
Are you saying it is illegal to ask if people know private money lenders? Are you serious? All private money is, is non-institutional hard money... what is illegal about that?
All cjmazur is saying is to be careful since there are rules as to what you can legally do regarding advertising. Your original post was "Please help me find affordable/Trustworthy Private money."
See also http://www.sec.gov/info/smallbus/qasbsec.htm and search this site for related discussions. At the SEC website, look for Are There Legal Ways To Offer and Sell Securities Without Registering With the SEC? and pick the appropriate exemption for your needs and follow the rules.
Thanks to all
You may need to look at family and relatives for your start up investment funds. Right now, it will be difficult to convince small or large investors to give you funding.
Your timing is very very bad in regards to getting investment money for this real estate market.
But i believe your timing to enter as a buyer in this real estate market is excellent, (if you have your own funds of course).
Good luck
As long as you give her some kind of Purchase Agreement or Option, you can do it legally. Why not up the price and interest rate (on a wrap) to cover the payment? You can collect half the down payment as your fee.
[addsig]
The worst would be, legal exposure from the deal going south.
You mentioned giving her forms. and suggesting she see an atty. I would just send her to the atty. That way they are on the hook.