Small deals with some friends and family
I wasn't sure how to search this so I apologize if it's been asked before.
I'm planning on buying some real estate shortly and I have some friends and family that are interested in investing with me. This kind of sounds like real estate syndication, but my friends and family aren't accredited investors.
How do I get them involved from a legal stand point?
If Tom, Joe, and Pat all want to put up $10,000 dollars, and I tell them they can expect a 7% return what kind of lawyer do I need to be talking to?