Attorney for setting up private lending?

[Ray Li]

Hi, so I read through a couple of posts on how to set up a private lending deal, and most people said to talk to an attorney with experience in SEC guidelines.

My question is that does the state matters? For example, if I live in California, buy investment properties in Texas, and look for private lenders in New York, should I be looking for attorneys licensed in California, Texas, or New York? Or does it not matter?

Thanks,

Ray

[Ronald Rohde]

All relevant jurisdictions should be considered. SEC is one regulatory body, but states have their own securities laws as well.