DH, start-ups will find it easier to get investors

[Deleted]

I thought of you when I read some article (either in USA Today or WSJ . . . we get both everyday) where the SEC is making it easier for start-ups to attract investors.

You don't have to do prospectus, etc. However, they do limit how much us ordinary people can invest. Up to $100,000, if I remember correctly, the maximum is $2000.

So you may be able to attract some investment capital for your "store."

Just something to think about. Loony, too.

[Sum Dum Gai]

I imagine the compliance stuff to get registered with the SEC for something like that would be a nightmare, but thanks for thinking of me.

If Lena, I think it was Lena anyway, and I go ahead with the YM hard money lending thing that might be something that I could see attracting investors. Several points and 15% interest secured by real estate.... crazy.

[milee]

It was milee who recommended lending hard money and still thinks that's a much better idea than what you went with.

[Sum Dum Gai]

Oh right. Why do I always think everything is Lena?? I did that on another thread just last week.

[Sum Dum Gai]

It was milee who recommended lending hard money and still thinks that's a much better idea than what you went with.

To be totally honest, I won't even argue that point. All I can say is it's not for me at this time.

[milee]

I know, I'm just giving you grief. I decided not to be a hard money lender as well. Even though people are willing to pay it, I don't think I'd be too comfy with charging 15% interest on that stuff. Plus, I'm just gonna buy some of my own real estate with the money and not have the risk associated with other people picking crappy stuff.

[milee]

Nasgul Girl, if you want to loan hard money to people who are buying things other than assisted living homes, start going to your local REIA meetings. I've been going for a few months now and have learned many, many interesting things.

Honestly, at one of the first few meetings I attended, when someone got up and asked if anyone was or knew of a source for hard money and offered 12%, I thought they were kidding. A few weeks later, one of the core group members came back from and did a report on a hard money conference he'd attended and stated that the common terms for hard money with the professional groups are 15% and 5 points. Nobody even flinched.