Breaking Down 506c, 506b, Reg A, and Crowdfunding with Nic McGrue
Today’s guest is Nic McGrue. Nic is an attorney at polymath legal PC, where he handles transactional matters in the areas of syndication real estate business and entertainment. He received his undergraduate degree from the University of Washington. At Washington, Nic was a student radio talk show host, the vice-president of his fraternity, an officer in the Business Club, and the pre-law club founder.
Let’s dig in to learn more about finding the right funds for your deals and working with passive investors. LISTEN HERE:
[00:01 – 06:19] Opening Segment
Let’s welcome Nic McGrue to today’s episode.
Nic shares more about his background and his career journey.
I talk about how we met.
The Security and exemption of working with passive investors in real estate.
Nic talks about the most common exemption and funds that he is working on.
[06:20 – 16:45] Breaking Down 506c, 506b, Reg A, and Crowdfunding
The difference and how to choose between 506C and 506B
What allows you to get the most of it.
Establishing pre-existing relationships with investors.
The changing of Crowdfund regulations.
The timing issue on the regulations.
Advantages of Reg-CF.
SEC max limits
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[16:46 – 27:04] Crowdfunding Approach
The difference between crowdfunding vs. Traditional syndication model.
How to connect with Nic?
See links below.
Why are funds becoming increasingly popular amongst operators?
Nic answers the common question on how the fund works.
The minimum investment amounts for crowdfunding.
Nic talks about how much work are involved after you get the capital
The administration work and maintaining the relationship with investors.
[27:05 – 33:03] The Bullseye Round
Being graduated in 2009 and not getting a job straight away forced him to make certain decisions that set him up better.
Zapier integration App
Most Recommended Book:
Limitless; Upgrade Your Brain, Learn Anything Faster, and Unlock Your Exceptional Life by Jim Kwik
The blockchain and NFTs
I Wish I Knew When I Was Starting.
Things take time.
Best Place to Grab a Bite in Inglewood CA
Stuff I Eat
How to connect with Nic
See links below.
“When choosing between 506C and 506B, you want to think about what allows you to get the most of it.” - Nicholas McGrue.
“The fear of not having an income will make you do a lot of things and motivate you to do the thing you really want to do.” - Nicholas McGrue.
“Once you get the capital funds, the game is not over yet; you still got a lot more to do.” - Nicholas McGrue.
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