I’m selling points of interest in a home to build and split the profit. What contract form is best to use?

by . SantiMB .

Question by charles c: I’m selling points of interest in a home to build and split the profit. What contract form is best to use?
Investors will buy in at $ 1,000 per 1% of the cost and receive 1% of the net profit when the house is sold.

Best answer:

Answer by liberal_60
This idea has many legal problems. You are creating a “security.” Depending on the details of how you do it; it may be a crime, and in any event it will be highly regulated by state and federal statutes and rules. The cost to set it up legally is so high that it would absorb most or all of the money you might raise.

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