506(c) Syndication(s) Secret
Hey BP Community -
I was sitting-in on an investor presentation for a syndication of an attractive 320-unit Class B MF development in a fast-growing market, and then I realized... it was a 506c project for accredited investors only [which I am not.. yet:)]
So then I began thinking...
How can I possibly get involved?
If I have a capital provider whom wants to be 100% passive and is ready to invest $100k with me (cash), and I have all the syndication structure and offering documents for this project... can’t I just find an accredited investor, present them the deal / get them on board, and go through them?
Why wouldn’t an accredited investor want a small portion of the pie at no-risk?
I’m curious to hear if people have done this in the past, how they did it, how they started, etc.
Any thoughts / discussion / enlightenment on this is encouraged!
Thanks!