Legal Advice, Advertising to get Investors/Partners

[Daly O'Brien]

I remember hearing something about rules for gathering investors in real estate.

I have an LLC that focuses on buy and hold real estate. Partners provide down payment, we guarantee % returns for 3-5 years. Fairly common structure that has been discussed on the BP podcast many times. 

Are there any laws against advertising to get these partners? (advertising that we buy properties and partners get returns from the investment, etc). I am looking at using advertising space at a heavily frequented local spot, and I want to make sure I avoid any legal ramifications.

Thank you,

Daly