How do I syndicate a deal?

[Ali Nurmohamed]

How do I syndicate a deal. I’ve found a multi family home and don’t have the money. Now I don’t exactly know how to make a syndication official. I know how to structure it, but don’t know if I should go to the notary.

[Greg Scott]

To legally syndicate a deal, you should be working with an SEC Attorney to draft a Private Placement Memorandum.  The SEC Attorney will file the proper paperwork to meet Reg D exemptions and comply with related state laws.  Typically a small syndication will cost around $10,000 to set up.

I have heard people in this forum state that you can just get some documents notarized from your investors, but then you would be breaking securities law.  If caught, breaking those laws has severe consequences.