Show me the money!
At a time when many are complaining about how Uncle Sam makes it harder to do business, Congress just passed a law that gives real estate entrepreneurs a break. Actually, ALL entrepreneurs benefit, but since we’re The Real Estate Guys™, we’re excited about the real estate angle.
So what’s the big deal? In the studio to find out:
- Your big deal of a host, Robert Helms
- Your square deal co-host, Russell Gray
- Attorney and regular contributor to The Real Estate Guys™ radio show, Mauricio Rauld
Our friend Robert Kiyosaki says raising money is the main job of an entrepreneur. Small time operators rely on their own money, but to break into the big time (or even the medium time), you need to acquire capital.
The good news is that money is always looking for good deals. The bad news is that there are very strict rules about how one is permitted to raise money from strangers. Whether you subscribe to the theory that it’s all a conspiracy to drive money through Wall Street, or just do-good lawmakers putting so much effort into protecting the little guys that the little guys can’t get in on any good deals, the bottom line is that until now, most money raising had to happen between friends. Just like Momma used to say, “Don’t talk to strangers!”
But now Mauricio tells us that the new Jump Start Our Businesses (JOBS) Act is actually loosening up some of the rules! We know, it’s hard to believe. But let’s face it. America is getting pretty tired of anemic job growth. So Congress put in a provision that loosens the rules for raising money from an online crowd of strangers. It’s cleverly termed “crowd funding”.
Actually, the concept of raising on-line isn’t brand new, but as is often the case, laws have a hard time keeping up with free market innovation. Usually, that means things go from loose to constrained. But since the fund raising rules were already constrained, in this case it seems that things are loosening up. Great! Even better, the updates affect many forms of advertising, even the old fashioned kind.
Mauricio tells us all about it and then generously offers a free article on the topic, which is yours for the asking if you’re faithful to listen to the entire interview (and why wouldn’t you?). So grab your notepad and a tasty beverage, then settle in for another crowd pleasing episode of The Real Estate Guys™ radio show!
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The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources that help real estate investors succeed.