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Renovating houses is a very popular and lucrative business that allows investors money to be secured by physical assets. This makes there investment that much safer. Since we also buy propertys with equity already in them, there is plenty of capital already tied into the deal which makes even more sense for any investor to invest there capital.
The new crowdfunding act allows individuals to raise up to 5 million in capital.
- HOUSE BILL 14-1079BY REPRESENTATIVE(S) Lee, Exum, Fields, Holbert, Mitsch Bush,Rosenthal;also SENATOR(S) Zenzinger, Jahn, Kefalas, Todd, Carroll.CONCERNING AN INCREASE IN THE MONETARY AMOUNT ALLOWED FOR THE LIMITED OFFERING REGISTRATION PROCEDURE UNDER THE"COLORADO SECURITIES ACT".Be it enacted by the General Assembly of the State of Colorado:SECTION 1. In Colorado Revised Statutes, 11-51-304, amend (6)introductory portion as follows:11-51-304. Registration by qualification.
