- Joined
- Jan 14, 2011
- Messages
- 97
I have a friend interested in "talking shop" in the next couple months about investing and want to ensure that I have everything i place and make it a professional experience for him.
I currently have three properties of my own, looking at another single family home in Edmonton to purchase and not sure how to include him in the transaction. Do I need to incorporate to efficiently add a JV partner to the mix?
I also heard from a fellow REIN member that raising money from people outside of your circle can cause some "securities issues". This could problems with CRA as well as I was told.
I just wanted clarification on how to properly raise money for smaller deals, no LP's or anything, while staying legal.
I currently have three properties of my own, looking at another single family home in Edmonton to purchase and not sure how to include him in the transaction. Do I need to incorporate to efficiently add a JV partner to the mix?
I also heard from a fellow REIN member that raising money from people outside of your circle can cause some "securities issues". This could problems with CRA as well as I was told.
I just wanted clarification on how to properly raise money for smaller deals, no LP's or anything, while staying legal.