Jobs ACT Non_Accredited Investing

[Terry Portier]

Can someone please explain to this Engineer what this bean counting bureaucracy mumbo jumbo 2012 Obama change means? ;)

http://100fstreet.com/index.php/2012/04/the-jobs-act-in-a-nutshell-part-iii-general-solicitation-and-private-offering-platforms/

Can my friend lend me money to buy or build a house or would that be violating some law? If so, if I made my friend a partner in a LLC for the property does that get past the red tape? We'd have a promissory note and/or operating agreement?

Thanks in advance!