Regulation D
Hello Bigger Pockets folks!
I am having issues finding an answer to my question about regulation D as it pertains to real estate investing.
I have done quite a bit of reading/research on regulation D, but I still have a few unanswered questions.
When exactly are you required to file form D?
If my grandfather decided to give me a $25k loan at 3% due in 5 years, would that require me filing form D?
What if it wasn't a family member, rather a friend of mine?
In the above example, if he gave me $25k for 10% equity, I'm assuming that would be considered selling securities and would require compliance with the SEC.
I'm just having a difficult time understanding what constitutes selling securities when raising capital. I'm a newer investor and have only used my own money to do deals. I hope in the future that I will venture out and raise capital, and at that point I will seek professional legal counsel. Even though I will be paying a lawyer, I still want to be educated on the topic.
Any help is greatly appreciated!
