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Originally Posted by SeoulFire
Well I was registered to sell securities as an IA way back when here in Calgary but that is another story! I pretty much won't touch the stock market now...
Also, the proformas are simply best estimates based on readily available information on how the rental will perform. It is not much different than if you were buying a business and took a look at its' operating income/expenses and made the call from there.
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Fair enough, I'm sure you have legal advice saying what you're doing is in compliance with securities law. My impression was that public offerings of securities like:
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1- Lending to Building Wealth Club
When we find a deal we will close on the property and at closing
there will be a loan placed on the property for the amount invested.
At 12% APR - This will be over a 30 year period and depending on
what the Investor- Lender wants there will be a 3 - 5 - 10 - balloon.
Of course Investors needs to form an LLC for the Lending Company.
Which we will help with.
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required a prospectus, and either a public registration or they could be sold by an exempt market dealer.
Edited: For those interested, a prospectus is required for the sale of any security, unless the trade meets one of the requirements under NI 45-106 for exemption.
http://www.albertasecurities.com/sec...0PUBLISHED.pdf They are presumably operating under one or more of these exemptions.