Q: I'm an amateur investor trying to start a company that invests primarily in real estate deals with friends/family funds
The company's main strategy would be buying properties at auction and reselling them at market value. I want to offer friends and associates (not professional investors nor high net-worth individuals) the opportunity to invest $50,000 in my company in return for a 2.5% equity in the company and 2.5% of profits. I'd like sole and full control of all investment decisions. However, I'm not a professional with any securities/real estate licences.
A: Interesting business plan but what is the question?
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