Updated about 7 years ago on . Most recent reply
How to legally borrow and invest friends and family money
I have purchased a couple of properties and am running low on cash. I have some friends and family that are willing to invest with me. What is the best way to borrow and invest their money while keeping myself protected and without violating and securities laws?
I spoke with a lawyer who quoted me at $5,000 to create legal documents for this sort of transaction. Is there a cheaper way to do it?