Legality of Private Money & SEC
Given the SEC rules, I see some real estate course gurus who seem basically to pursue private money as follows:
1) You contacted us about our course (perhaps through one of thier spams, facebook or LinkedIn postings.
2) Therefore, we "know" you (and did not get you directly through the now-illegal advertising such as newspaper ads). NOTE: I noticed statements to this effect (you know us because...) in their emails
3) How would you like to become one of our private money lenders? Why, here is a great 16-unit apartment and you could get up to 15% by jumping in now...
Is this REALLY fulfilling the SEC requirements/exceptions (REG D, etc.)