Raising capital with shares

[Samuel Lacroix]

Hey guys! 

First off, I'm fairly new to BP forums, so this might not be in the right forum, so admins, feel free to move it wherever It belongs :)

My question: How would one goes to raise capital by creating a company (that will buys and holds property) and selling private share to friends and family? I know quite a few person that would like to invest but don't want to get their hands dirty (they want to invest as passive as possible). What I would like to do is create a cie, pour my money with theirs, go out in the world and buy multi-family renting property. But I just don't where to start to build that company set up. I mean, what if someone would like, after some time, to get their money (and profit) back. How do you proceed if someone want to pitch in after a couple years? The set up I'm talking about would by like a REIT, but private (aka not on the open market).

Hope that was clear :/

And thanks for any input.

[Michael Le]

Hi @Samuel Lacroix, I'm not sure how it would be setup in Canada but down here that would be a syndication which is a security and governed by SEC law.