Podcast appearances and mentions of mark roderick

In this episode, we dive into the world of crowdfunding and see how it can reinvigorate American Capitalism with our special guest Mark Roderick. Crowdfunding is an exciting and transformative concept that simplifies capital formation through the Internet. Mark, a corporate lawyer with extensive experience in helping entrepreneurs raise capital, shares his insights on how crowdfunding has the potential to revolutionize investment opportunities.With the internet expanding opportunities in raising capital, similar to how it revolutionized the retail and dating industries, Mark explains how crowdfunding can connect entrepreneurs with investors in unprecedented ways. Specifically, he delves into the Jobs Act of 2012, which created different types of crowdfunding, including the highly successful Rule 506 C that allowed real estate professionals to advertise and raise billions of dollars. With Mark's guidance, we also explore the three essential documents in real estate deals that are vital for legality and protection against potential challenges. Join us for this enlightening episode as we uncover the power and potential of crowdfunding with the knowledgeable and experienced Mark Roderick.Remember, this is your MBA. Have a notepad handy, and get ready to take some notes!The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target* Click here to applyClick here to book Fund Manager Tejas GosaiContact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-777

When a real estate deal goes bad as many are doing now, should limited partners have the right of first refusal to invest rescue capital on the same terms as anything the sponsor can bring in to save the deal? My podcast guest today, attorney Mark Roderick, calls it ‘pre-emptive rights' and, as you will hear, he explains it can make the best of a bad situation. But what does that look like in reality? Here's the script: *** Email #1: From Sponsor to Limited Partners (Investors): Subject Line: We're stopping distributions and need more money from you Sorry investors, we screwed up because we [select from the following] Didn't manage the property aggressively enough to account for a downturn. Underwrote debt levels to eternally low interest rates on variable rate terms and now can't afford the doubling of our debt costs. Our original loan is maturing, the value of the property has gone down, debt costs have skyrocketed, rent growth is not what we assumed in our proforma, and the bank will only lend us 60% of our original loan amount. Cap rates are now nearing 6% not the 4% we projected. Thought this time was different. In sum, we need you to pony up more equity so we can avoid losing the property to the bank. *** Email #2: From Sponsor to Rescue Capital fund (pref equity, mezz debt, whatever) Subject Line: Have we got a deal for you! Our offering docs allow us to bring in additional capital under any terms. Our bank will only lend us 60% of the original loan amount so we need to shore up the difference. Can you help us. *** Email #3: From Rescue Fund to Sponsor Subject Line: We're in! Sure. We'll come in with the 40% you need. We want second position behind the bank (ahead of your existing LPs) and if you miss proforma targets or fail to pay us on time, we''ll remove you as GP and wipe out your LPs' equity. *** Email #4: From Sponsor to Investors Subject Line: Great news! We've found some rescue capital. You get first right of refusal on the terms we just got to protect your investment. Terms are that your new capital will come in ahead of your old [or dilute it out completely], and if we screw up again, you get to remove us as GP. Please accept these terms or someone else gets them. Oh, and by the way, the Rescue Capital wants all or nothing so we need unanimous agreement from all Investors or we go with the Rescue Capital. *** Is this an ‘offer' or a ‘threat'? Or is the dialogue different somehow? At the end of the day, does having pre-emptive rights (right of first refusal) really mean anything? Tune in to hear my conversation with Mark Roderick as we flesh out the pros and cons of pre-emptive rights in a deal gone south. Stay informed and make better decisions by learning from top experts in the field. Join the discussion in the comments and subscribe to GowerCrowd on Youtube or head to GowerCrowd.com to ensure you've got a full picture of the commercial real estate landscape. Teach yourself how to find distressed investment opportunities by subscribing to the GowerCrowd newsletter at https://gowercrowd.com/subscribe *** In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in. You'll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype. You'll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn. Subscribe to our YouTube channel here: https://www.youtube.com/gowercrowd?sub_confirmation=1

When you are opening a business, even in real estate, it is important that you study and understand the laws that can affect your business. In this #Highlights episode, we feature our conversations again with Mark Roderick and Robert Borr. Mark talks about crowdfunding while Robert discusses security offerings.Mark is a crowdfunding attorney who has represented entrepreneurs and their businesses successfully for more than 25 years. He explains what a broker is, and the legal process that raising money entails. Meantime, Robert is a licensed real estate and securities attorney. He tackles what people need to know about securities offerings when they're getting into the syndication business as well as some of the common violations and pitfalls investors make. Listen now and learn valuable information about crowdfunding and security offerings.

Mark Roderick fills us in on how the rich can take care of themselves and the non-rich need the government's help, which is why he thinks crowdfunding is so important to the average person. Since the JOBS Act of 2012, Mark has spent much of his time in the crowdfunding space. If you have ever thought to yourself the internet is a ruthless landscape slowly squeezing the middleman and driving human beings up the value chain? Then you'll want to tune into this week's episode where Mark will explain everything from syndications to cryptocurrencies to crowdfunding, oh my!

Paul speaks to Mark Roderick about Crowdfunding in real estate. They go in-depth how the JOBS act that created crowdfunding changed funding portals, advertising, and where the future of raising capital is and what sponsors should focus on and be careful with.About our guest:Mark is a corporate and securities attorney specializing in crowdfunding. Since the JOBS Act of 2012, he has become one of the leading Crowdfunding and Fintech lawyers in the United States. You can catch him speaking at Crowdfunding events across the country or read his blog: https://crowdfundingattorney.com/. It has a wealth of legal and practical information for portals and issuers.Disclaimer:This real estate podcast is for informational and educational purposes only and does not imply suitability. The views and opinions expressed by the presenters are their own. The information is not intended as investment advice.For any inquiries or comments, you can reach us as info@indepthrealestate.com.

In This Episode:Updates to Accredited Investor qualificationsWho qualifies as a “Finder” of capital?Title III crowdfunding changesHow can sponsors and investors take advantage of recent changesWhy crowdfunding is a marketing businessGuest Info:Mark Roderick concentrates his practice on the representation of privately-owned and emerging growth companies, including companies in the technology, real estate, and health care industries. Mark specializes in the representation of entrepreneurial, growth-oriented companies and their owners.Contact Info:Mark's Website: https://crowdfundingattorney.com/Mark's LinkedIn: https://www.linkedin.com/in/markroderick/Resources our Guest Recommends:https://crowdfundingattorney.com/History books!About The Storage Investor Show:This show is about finding, funding, and closing self-storage deals.ACTIVE investors will learn how to close self-storage deals and avoid mistakes.PASSIVE investors will learn how to qualify deals, markets, and self-storage sponsors.Download our Self-Storage Pros and Cons Guide: https://cornerstonecapre.com/ Let me know what topics you want to learn about: kris@storageinvestorshow.com

MapableUSA.com: To the delight of both issuers and investors, the SEC continues to make crowdfunding better as they have announced major changes to their crowdfunding rules. In this podcast, crowdfunding attorney Mark Roderick and Co-Founder of Lex Nova Law goes over what he believes are the most important and impactful changes including raising the limits for Regulation A and Regulation CF deals as well as the ability of “finders” to legally accept commissions for bringing deals to the table. And perhaps most importantly, the changes regarding accredited and non-accredited investors are a complete game changer! In this podcast, you’ll find out why that is.

Our guest speaker in this episode is Mark Roderick. Mark is one of the leading Crowdfunding and Fintech lawyers in the United States. He writes a widely-read blog with a wealth of legal and practical information for portals and issuers. Mark is also a speaker at Crowdfunding events and represents industry participants across the country and around the world.   In this episode, Mark will break down things we have to know and understand about crowdfunding. The effects that it does in your real estate company and you can practice it. Mark will also share with us important rules on practicing crowdfunding.   Highlights: Crowdfunding; Understanding its definition and what does it do in a real estate industry Recognizing the changes brought by the internet and how crowdfunding took advantage of it Knowing what are the accredited and non-accredited crowdfunding. Getting to know the fundamental rules in crowdfunding -The advantage and disadvantage of Regulation A Canadians on investing in crowdfunding platforms   Links: Website: https://crowdfundingattorney.com/ Email: mroderick@lexnovalaw.com Twitter: https://twitter.com/CrowdfundAttny

Watch the video recording of this show, See the highlight videos Gain access to online real estate syndication resources ACCESS THE SHOWNOTES PAGE BY CLICKING HERE.

With the continuous advancement of technology, it is now possible for regular folks and small business owners or entrepreneurs to bring life into their vision. Technology has completely changed the way we do business today. Just by accessing the internet, people can immediately begin to invest in the financial markets. One innovative method of financing that utilizes the power of the internet and technology is crowdfunding! It has gained popularity over the years simply because it's a great way to get your ideas funded! In this episode, we’re going to delve into what crowdfunding is all about and what is it not.  Learn how to find more investors, raise more money, and finance your real estate projects online as Mark Roderick, one of the leading crowdfunding and FinTech Lawyers here in the US, shares his in-depth knowledge in crowdfunding and how to raise capital for your business endeavors! Episode Highlights: Understanding what crowdfunding is all about The two types of crowdfunding real estate How crowdfunding is applied in real estate investing How crowdfunding makes great deals available to ordinary American investors Capitalism and crowdfunding Bridging the wealth gap   Where to reach Mark Roderick: Twitter @CrowdfundAttny LinkedIn Crowdfunding Attorney --- Did you enjoy today’s episode? Please click here to leave a review for The We Build Great Apartment Communities. Be sure to subscribe on your favorite podcast app to get notified when a new episode comes out! Do you know someone who might enjoy this episode? Share this episode to inspire and empower! Let’s get social! Instagram @webuildgreatcommunities Facebook @buildingreatcommunities LinkedIn @brackettjohn Website www.fidelitybps.com Subscribe to The We Build Great Apartment Communities Apple Podcasts Spotify Google Podcasts Do you think you would be a great fit for the show? Apply to be a guest by clicking . Fidelity Business Partners, Inc. 6965 El Camino Real Suite 105-190 Carlsbad, CA 92009 D: 760-301-5311 F: 760-987-6065

Mark Roderick is a crowdfunding attorney with Lex Nova Law.  https://www.linkedin.com/in/markroderick/

Mark Roderick "The SEC has announced two significant changes that will greatly help the crowdfunding community - both the fundraisers and the investors". Mark Roderick is a Founding Partner at Lex Nova Law, a boutique corporate law firm specializing in blockchain, cryptocurrency, crowdfunding, fintech, and other corporate law areas. Mark is a sought after speaker on crowdfunding and regularly speaks at various global conferences. Mark is an alum of University of Virginia School of Law. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/theindustryshow/support

MapableUSA.com: Coronavirus is the epitome of what a “risk factor” is in any crowdfunding or real estate deal. As such, whatever the deal, issuers are required to warn potential investors about the riskiness of such an investment. If they don’t, then these businesses can get into serious trouble. Coronavirus compounds that issue even more. In this podcast, attorney Mark Roderick of Lex Nova Law provides some real world examples of what Covid19 disclosures are required in crowdfunding offerings and goes over some of the emergency rules that the SEC issued to facilitate Title III crowdfunding during the coronavirus crisis.

Crowdfunding continues to grow in popularity. It is a way to democratize the world of real estate investing, which historically has only been open to super-wealthy Americans. Its growth and positive outcomes have led to several changes being made in the space. Mark Roderick, our guest today, joins us to unpack these developments and the positive influence that they will have on real estate investing. In this episode, Mark presents an overview of the current crowdfunding space. He talks about the difference between Title II, III, and IV, and some of the evolution that has happened over time. 

BE SURE TO SEE THE SHOWNOTES AND LISTEN TO THIS EPISODE HERE. Eve Picker: [00:00:08] Hi there. Thanks so much for joining me today for the latest episode of Impact Real Estate Investing.   [00:00:14] My guest today is Mark Roderick, founder of Lex Nova Law and one of the top online crowdfunding experts in the country. I asked Mark to join me today to discuss the very exciting changes proposed by the Securities and Exchange Commission to regulation crowdfunding. In case you haven't heard of it, regulation crowdfunding, or Reg CF, is the securities regulation that is really the first step taken by the S.E.C. towards democratizing investment. The additional changes proposed will give this regulation real legs.   [00:00:57] Be sure to go to EvePicker.com to find out more about Mark on the show notes page for this episode. And be sure to sign up for my newsletter, so you can access information about impact real estate investing and get the latest news about the exciting projects on my crowdfunding platform, Small Change.   Eve: [00:01:18] Hello, Mark, it's delightful having you on my show.   Mark Roderick: [00:01:21] Well, thank you very much. It is delightful sort of being there.   Eve: [00:01:25] Very good.   Mark: [00:01:26] Virtually.   Eve: [00:01:25] Just sort of. Yeah. Okay. Today, we're going to talk about raising equity online, which is a pretty wonky subject, but you and I like it. And raising equity online is also known as equity or investment crowdfunding. You said these proposals are great for the crowdfunding industry and for American capitalism. They're not about Wall Street. They're about small companies and ordinary American investors, where jobs and ideas come from. And you were referring to some proposed changes to equity online raising funds. And according to the S.E.C., a majority of entrepreneurs and emerging businesses raise capital using an exempt offering framework under the Securities Act. And they raise everything from seed capital for new businesses, to funding growth on the path to an initial public offering, and, also, raise equity for real estate. So, I wanted to talk about the rule changes and why you think they're so great.   Mark: [00:02:35] Well, okay. Big question and a big, big topic. I mean, maybe I'll just start at the granular level and then kind of work backwards. If you are in or around the existing industry, And I'm going to call it the Title 3 industry or the Reg CF industry, as opposed to what we might call the Rule 506(c) accredited investor industry. The accredited investor industry in real estate is super-healthy. People are raising a lot of money and platforms are profitable and all kinds of wonderful things are going on. In contrast, the Reg CF world, the industry, it's sort of, you know, like when you cross the railroad tracks and crossed into the less affluent part of town. It's a very, almost, I don't want to get too hyperbolic, but, you know, it's a little bit of a desolate landscape.   Eve: [00:03:41] Oh yes.   Mark: [00:03:41] It's very difficult to make money for funding portals, and it's a vicious cycle as opposed to a virtuous cycle. So, it's hard to make money. Very small companies with very limited resources are applying because of the limits – we can only raise up to a million dollars a year, and in real estate, in particular, that's not very much money. And that leads the portals, the funding portals, too many of them, not yours, I should say, but too many of them have adapted to that situation. You know, you're trying to squeeze money out of people who don't have any money and have led to a lot of shortcuts, and what I called gimmicks, and that is a vicious cycle because investors, who are not dumb, see that, they see that's what's going on. You know, they just ignore the entire industry. And that means that high quality companies are that much less likely to try to use Reg CF. And it has been a vicious cycle.   Eve: [00:04:46] Just backing up one minute. I think some of our listeners maybe not familiar with Reg CF or regulation crowd-funding. So, I just feel like I need to fill in a little bit. Regulation crowdfunding and other online crowdfunding rules grew out of the Jobs Act of 2012, and the intent was really to move online crowdfunding for donations to crowdfunding for investment, right? And so regulation crowdfunding is the rule that lets anyone over the age of 18 invest, but really kind of limits how much they can invest, and how much the company raising money can raise. Those limits, I think, have been the real stumbling block, right?   Mark: [00:05:31] Yeah.   Eve: [00:05:32] So, this has translated into smaller offerings, just like you said, which these funding platforms, which are very heavily regulated to use that rule, it means that they can't make a lot of money. And that's kind of where you left off, right?   Mark: [00:05:50] That is exactly right.   Eve: [00:05:52] The new rules, which you seemed very excited about last week, I think, will make some big changes in that landscape.   Mark: [00:06:01] Yeah. They will make a couple changes that are, I think, taken together, just gonna be very, very important and are really going to, to continue that bad metaphor I was using, really revitalize the Regulation CF neighborhood. These are the two most significant changes. As you said in your overview, Regulation CF or Title 3 – those are interchangeable names for the same set of rules – limit very severely how much each investor can invest. And the idea here was to protect widows and orphans from all the shady entrepreneurs out there. But even if the widow or orphan wants to invest his or her entire net worth into a questionable company, the Reg CF rules won't allow that. To the contrary, they allow only very small investments. And that means that when you're trying to raise money in Regulation CF, you have to find lots of investors, because each of them can only contribute a very small amount. And, you know, that's hard. Marketing is hard.   Eve: [00:07:21] It's very hard.   Mark: [00:07:22] It is also inconsistent with other S.E.C. rules, which in general allow accredited investors to invest as much as they want. One of the fundamental concepts in U.S. securities laws since the 1930s has been that rich people can take care of themselves. They don't need the government to protect them. And so the term 'accredited investor' is sort of a stand-in for rich people. All of the other S.E.C. rules, really, allow accredited investors to make bad decisions, you know. An accredited investor can invest his or her entire network in a single deal. And people have noted, since the outset of regulation crowdfunding, that the regulation crowdfunding restrictions are inconsistent with that general concept. So, one of the changes just made by the S.E.C., or proposed, is that, what do you know, accredited investors will no longer be subject to those severe limits. In fact, they won't be subject to any limits. So, now if you can attract some accredited investors, you know, you can get people to write big checks. So, that's an important change. Really important change.   Eve: [00:08:40] Yeah. Yeah. I mean, I'll give one example that has impacted us. We have quite a few account holders or investors who are accredited by definition based on their net worth. And they have very healthy networks, but they're retired and they own their houses and their income is maybe below 100,000. And under the regulation crowdfunding Reg CF rules, one of these investors was limited to investing 4,000 a year under Reg CF. But as an accredited investor, she can invest however much she wants. That's how weirdly bad the rule is right now.   Mark: [00:09:20] Yeah. And just to take that one person, I don't know how much of a check that person might write, but let's say it's, you know, 25 or 50,000 dollars, which is not an unusual investment in the Rule 506(c) world. So ..   Eve: [00:09:34]  Yeah.   Mark: [00:09:35] ... she goes from even conservatively ...   Eve: [00:09:38] She couldn't be bothered investing 4,000. She might be interested in 15,000 or 20 or 25 but not ...   Mark: [00:09:44] Yeah.   Eve: [00:09:44] Yeah.   Mark: [00:09:45] So, it doesn't take many of her, you know, the difference between four and say, even conservatively, 25. Those numbers add up quickly. That change in itself was significant. But, in addition, the second change is they've raised the limit from a million dollars to five million dollars. And that means bigger companies, companies with more revenue, more products, more services, more scale. Bigger companies can now start using Reg CF. Yeah, I mean, you know, Eve, that a million dollars is not very much in the real estate world. Five million dollars really is a lot. Lots and lots and lots of deals are done with equity of two or three or four million dollars. So, it vastly expands the number of ticket holders who are allowed to attend this event. And then, when you put those two together, you know, now we can do a three million dollar raise where we can raise as much as we want from accredited investors. That, suddenly, becomes an extremely viable business. And that's the point that funding portals will now be able to make money. In fact, they'll be able to make significant amounts of money. You know, that's like, again, going back to that metaphor, that is pouring a lot of money into that neighborhood. And you're going to see, in my view, just a fundamental change. You're going to walk through the streets and say, oh, that used to be a dilapidated building. It looks nice now. And so on and so forth. And you're going to see better business practices from the portals. I believe you're going to see much higher quality offerings on those portals. In fact, you're going to see websites that were formerly only in the Rule 506(c) world who had shunned Regulation CF. You're going to see those companies getting their portal licenses and saying, hey, we can now expand our investor clientele at very little cost. You know, we've been marketing only to Rule 506(c) accredited investors. Now we can market to everyone. Why not?   Eve: [00:12:10] Maybe the answer, response to why not, is the regulation that is attached to, being a funding portal, and not to 506(c).   Mark: [00:12:20] Yes. I mean, it's certainly an impediment. I mean, you've been living in this world for the last five years and the regulation can make you pull your hair out. But the business opportunity, it seems to me, is ... the landscape just changed completely in my view, you know, I ... within the last three weeks before these proposals came out someone called me, a company, you know, we want to be a funding portal. And I tell them, because I try to be very straightforward with anyone, you know, you're not going to make any money. It's a funding portal.   Eve: [00:12:55] Right.   Mark: [00:12:55] You know, you want to go, have to expand, vertically integrate. But it's a very, very difficult business. And that was advice I've given in the last two weeks. You know, I've had people contact me since the proposals, and it's totally different advice. This is a real opportunity.   Eve: [00:13:13] Yeah, yeah, yeah. Interesting.   Mark: [00:13:14] I mean, how do you see it affecting your business? You're in the business.   Eve: [00:13:19] The thing you haven't touched on yet is, there's a couple of things that really matter to me. And one is, yes, the fact that accredited investors can invest whatever they want really matters, because I no longer have to offer side-by-side offerings which are very complicated and time-consuming. So, by a side-by-side offering, I mean a Reg CF plus a 506(c), at the same time. So, that can go away. I think the fact that the investor limits have been turned upside down is huge. The fact that now an investor can invest the greater of their net worth or income is absolutely enormous for my crowd. And then I think the single purpose entity rule, which we haven't talked about yet, is huge. Until now, if you're going to use a regulation crowdfunding offering type, your investors must invest into the actual deal, which is often not the way that real estate deals work. So, being able to collect a group of investors in a single purpose entity to invest into a project, or a series of projects, is a very big deal. And I've been talking to one institutional developer who was really pulling his hair out and trying to figure out how to make Reg CF work for the community he's interested in using it for, and that particular change makes the whole thing possible. There's more, I'm sure, testing the waters. I mean, we haven't talked about all these things, Mark. So, the marketing rules around Reg CF are stifling. And so I want to learn more about what does it mean now to be permitted to have a demo day or to test the waters to, you know, just show the deal before you actually register it with the S.E.C.? I think all of those things really matter.   Mark: [00:15:13] Yeah. There are some other important changes, including, as you say, this so-called testing the waters. We used to have this ridiculous rule, really, that subjected, you know, these tiny Title 3 issuers to more stringent rules, you know, then the largest companies. It was crazy.   Eve: [00:15:35] Yeah.   Mark: [00:15:36] If you were talking, some developer was trying to create this little project, you know, you had to tell that person, you can't even whisper that you are considering a Title 3 [offering] ... You can't tell anyone, you know, don't tell your wife. And it was just this ridiculously restrictive rule. So, that is now going to be swept away. And basically, for all intents and purposes, Title 3 companies, issuers are going to be like everyone else. Yeah, you can talk to people about it. You can't take their money. But that's an important change for sure. The demo days. Meaning when you're local science center has a demo day you are now actually allowed to ... to attend. It was crazy that you couldn't attend before. We should mention that they've taken some things away. Many Title 3 issuers, the security that they were offering, as you know, were called SAFEs – Simple Agreement for Future Equity. Very popular. The S.E.C. has been convinced by someone that that is not an appropriate instrument for a small company to issue. So, they're going to absolutely get rid of them. Another very popular instrument – revenue sharing notes. It isn't clear from the proposals, but it sure looks like they're getting rid of revenue sharing notes or at least want to.   Eve: [00:17:04] Interesting.   Mark: [00:17:05] You know what the lord giveth, the lord taketh away. I know there's going to be, during the public comment period, there's going to be a lot of people complaining about those two things. We did take a couple steps backward, but I think we took about 10 steps forward, so, on the whole, they have made the market much more robust. Yeah, I think it's very exciting, I, you know this is a world that, you know, you and I have both drank the Kool-Aid a long time ago. This is about providing capital for lots of people whose access to capital has hitherto been restricted. And it's also about providing investment opportunities to ordinary Americans that have hitherto been reserved for the ultra-wealthy.   Eve: [00:17:55] Yeah.   Mark: [00:17:55] And that's why my blog post said, you know, this is not about Wall Street. It is actually about undermining Wall Street. It is about a sort of direct to the people, democratic American capitalism. And I think this is a really good step in the right direction. I don't see any down side personally.   Eve: [00:18:17] Yeah, so you think the number of funding portals is going to explode?   Mark: [00:18:20] I do.   Eve: [00:18:21] It's about 50 now, right?   Mark: [00:18:23] Something like that, yeah.   Eve: [00:18:24] And in real estate?   Mark: [00:18:26] I do. I think you're going to have some competitors, which is good. Yeah, I think there are going to be real estate funding portals, I even think, Eve, I think that the big real estate, the Rule 506(c) sites, I think they're going to consider very seriously having subsidiaries that are funding portals.   Eve: [00:18:47] Interesting.   Mark: [00:18:48] I think it's a natural to expand their customer base. You know, I've always said that portals are like retail stores. And I read a blog post once, saying a portal is like DSW. And DSW doesn't limit the kinds of shoes that it sells, and it wants every kind of customer to walk in the door, right? And even, you know, a brand like Mercedes Benz, they don't sell only a 100,000 dollar cars, you know, they sell a 35,000 dollars car. Why? Why do they do that? It's not to make money from selling a 35,000 dollar car. It's to get people into the showroom.   Eve: [00:19:33] Yes.   Mark: [00:19:33] And expand their demographic customer base. And I think that's the natural route for portals as well. We want to accredited investors. We want non-accredited investors. We want everyone, right? I mean, that's always make sense to me.   Eve: [00:19:46] Right. Right right, right. So, can you think of some examples of projects that you saw in the past that if they went live now, would do so much better? Or is that too hard a question?   Mark: [00:19:57] You're, I mean, you're the one who would know that.   Eve: [00:19:58] We have an offering live right now, which was just so complicated to put together, a side-by-side offering. And, you know, an opportunity zone fund offering. They really needed a single-purpose entity for the opportunity zone fund investors. And, of course, we couldn't use it for Reg CF, so the Reg CF investors missed out on the opportunity zone, tax discounts. And, you know, thinking about how that would be put together under the new rules, it would be so easy.   Mark: [00:20:31] Yeah.   Eve: [00:20:31] I spent months putting it together.   Mark: [00:20:35] I mean, probably every project you've ever had on your platform.   Eve: [00:20:38] Yes.   Mark: [00:20:39] You would've had the ability to pitch it to accredited investors. Simultaneously. And you would have been legally been earning commissions on all of those transactions.   Eve: [00:20:50] Yes. Yeah. That's a really big problem.   Mark: [00:20:53] I mean, your life would have been very different.   Eve: [00:20:54] Well, I can't go back five years, can I?   Mark: [00:20:57] No.   Eve: [00:20:58] So, what about the whole 'not being able to talk about the terms of the deal'? Like that's been another really huge stumbling block when you do advertise Reg CF offering, you're not permitted to talk about the teems. You can't say, you know, the offering is nine percent preferred return. You're not permitted to say that. You're not even permitted to say the minimum investment amount. Whereas with a 506(c) offering, you can say all of that. Is that going to change?   Mark: [00:21:27] Not yet. It wouldn't surprise me if it changed in the future. So, yeah, you're gonna be stuck with those same advertising limitations. Now, I will just say that you can say those things.   Eve: [00:21:41] Yes, but that's all you can say, right?   Mark: [00:21:42] But that's all you can say.   Eve: [00:21:44] Yeah.   Mark: [00:21:45] And you can say a lot. You know, you can say come invest in this fabulous multi-family project in Downtown Pittsburgh, and it's 72-percent leased and it's gorgeous and it's environmentally friendly. You can go on and on and on and say all those things.   Eve: [00:22:04] You can't say "it's gorgeous" because it's in adjective, right?   Mark: [00:22:07] Ok, well, now I think, I can, I think you can say "gorgeous."   Eve: [00:22:11] No, I can't.   Mark: [00:22:13] The only thing you can't say is ...   Eve: [00:22:15] I got my knuckles rapped for saying "bold." Yeah.   Mark: [00:22:20] You just can't say, and by the way, we're raising two million dollars for that project. You know? You can talk about the project until you're blue in the face.   Eve: [00:22:29] Yeah. Well, that's been pretty good for us because we want to talk about the projects, but still it is a stumbling block. I think people sit up and pay attention when you say you can invest as little as 1,000 dollars and they're looking at an ad talking about a great project, but they don't really know. It's a question of will they click through? Right? It's definitely a stumbling block.   Mark: [00:22:50] Yes. And it will continue to be.   Eve: [00:22:53] Yes. Ok. So, I want to just shift gears a little bit. We're doing this a bit backwards. But how did you become an S.E.C. crowdfunding expert, and why?   Mark: [00:23:04] Actually, Eve, I think our stories are in some ways, similar. So, I mean, I've always been a boring corporate lawyer. And in being a boring corporate lawyer, I've represented entrepreneurs my whole career. And when you represent entrepreneurs, one of the things you spend a lot of time doing is helping them raise capital. Entrepreneurs are always looking for capital, and raising capital used to be, you know, really, really hard. It's still really hard, but it used to be, before the crowdfunding rules, a lot harder, as as you know. And when I saw the Jobs Act on the horizon, this must happen back in like 2011, which is amazing, of course, how quickly time flies.   Eve: [00:23:50] Yes.   Mark: [00:23:51] But I said, wow, you mean you're going to be able to use the Internet to raise money? This is huge. It's transformative. It's disruptive. It's fantastic. And I drank the Kool-Aid right away and thought this would just be a great thing for the American economy. And I said, it's going to be fun and I want to be involved with it. So, I immediately decided that that's what I was going to do. So, I learned all about it and started writing this blog and started speaking about it in public. And I'm so enthusiastic about it, and the rest is history. So, that's my story, which in some ways is probably similar to yours, right?   Eve: [00:24:33] Yes.   Mark: [00:24:34] You saw it and you said, aha!   Eve: [00:24:36] Yes. But not enough of us yet. Right. Still a pretty small industry.   Mark: [00:24:41] Still a pretty small industry, but it is growing, you know. People are raising, we talked about five million being a pretty good real estate deal, you know, people are raising 15 million now. And that, when, you know, when you and I got into this industry, the concept of being able to raise 15 million dollars for a deal online was unthinkable.   Eve: [00:25:06] Yes.   Mark: [00:25:06] You know, people were raising 250,000 dollars to do a fix and flip. The industry is now funding from very significant deals. And because entrepreneurs are always looking for capital, you know, the entrepreneurs of the world are really paying attention.   Eve: [00:25:26] Yes. Yeah.   Mark: [00:25:27] I'm a pretty good barometer because I am pretty well-known in the industry and I will, so when I say my phone has sort of been ringing off the hook, that's a pretty good industry barometer.   Eve: [00:25:40] It is. Yeah.   Mark: [00:25:41] You know, it probably means lots of peoples' phones have been ringing off the hook. And this latest change really has gotten people's attention.   Eve: [00:25:49] Yes. Well, it should.   Mark: [00:25:52] So, I think in 2020, I really think the industry, those of us who survive the coronavirus, anyway ...   Eve: [00:26:01] Oh, that's depressing.   Mark: [00:26:02] Yeh, and I ... then are going to, you know, really see a significant uptick.   Eve: [00:26:10] Yes. So, I have to ask the next round of improvements that the S.E.C. makes, what do you want to see on that list?   Mark: [00:26:17] So, I get asked that question a lot and I never have a ready answer because I've been doing this, you know, I've been practicing law for so long. I have learned not to think about possible legislative or regulatory changes because they are so rare and so unpredictable, you know. There are two things you never want to see being made. One is sausage and the other is law. I just focus on the world that I have, that I'm in, rather than on how it might be improved.   Eve: [00:26:57] I get it. The thing I think about is of regulatory burden, which is enormous for small companies. Really enormous.   Mark: [00:27:05] And how would you address that?   Eve: [00:27:08] For a small company that's never done something like this before. As a member of FINRA, not only are you following, you know, the regulation crowdfunding rules, but you're also following FINRA's rules, which require many, many, many things, like WURM compliance of emails and evidencing and things I never knew existed. It's very time consuming to learn at all, and it's time consuming to keep it up and to do it properly. And I have a feeling that many platforms are not doing it properly because it's just too hard. So, I think that really needs to be addressed in one way or another. You know, I don't know what a full-blown broker/dealer compliance book looks like. I'm sure it's worse. But in some ways I feel like FINRA wasn't ready to handle these smaller companies, they've never done anything like it before. The compliance is ... huge. And, you know, we're surveilled every quarter, and they said, well, every word. And that that's their job. So they have to, I'm not saying they shouldn't, but it's all required, and it's a lot.   Mark: [00:28:19] Yeah. And I mean, maybe I would say the next significant change maybe should be from FINRA rather than from the S.E.C..   Eve: [00:28:31] Yes, possibly.   Mark: [00:28:32] I completely agree with you that FINRA didn't know how to deal with this and they started off with a light touch, you know. The first funding portals that I represented that, they were easy to get approved. And then FINRA just didn't know what to do. And, you know, the easy answer is from a regulatory point of view was always to make it more difficult. And so we've ended up in this kind of crazy situation where funding portals, small, small organizations, are subject to the same regulatory treatment as, you know, as Morgan Stanley. And it it is clearly not a good fit.   Eve: [00:29:16] That's right. Although I have to say that they're trying, and in their communications with Small Change, at least, the tone is more about helping us be aware of what we're supposed to do. So, it's not a bad tone, but still, the regulatory burden is there. In a sense, I think FINRA got lumped with this without anyone much thinking about the consequences. Does that make sense?   Mark: [00:29:39] Yes. I mean, I'm not attacking FINRA, because, as you say, they're just doing their job. No one told them, you know, you should act differently with the respect that this particular species of FINRA member, as you know, I mean, these days we're submitting policies and procedures to FINRA that are, you know, 75 pages long ...   Eve: [00:30:03] Oh, wow.   Mark: [00:30:03] ... could be a two person company where, you know.   Eve: [00:30:07] Yeah.   Mark: [00:30:07] The policies and procedures amount to the two people saying this is how we're going to regulate ourselves. You know, there's no one else to regulate. There's no one to supervise.   Eve: [00:30:17] Yeah, no, no. I know. It's a shame.   Mark: [00:30:21] It's almost been an absurdity, but there you go.   Eve: [00:30:25] So, yeah. Let's root for FINRA making the next change or, something happening that permits for FINRA to make the next change, because I'm not sure they're fully in control of that themselves. I don't really, I don't really know. But, you know, we we pay a lot of money to a company called Smarsh to archive all our emails, all our websites, everything, so that they're all WURM compliant. That's a big burden for a tiny company.   Mark: [00:30:52] Well, there you go.   Eve: [00:30:52] We also pay a lot for insurance, which is crazy expensive. I have a feeling that many funding portals don't ...   Mark: [00:31:00] Just don't do it. Yeah.   Eve: [00:31:01]  ... pay for insurance, because they can't afford it. I like to sleep at night.   Mark: [00:31:05] I guess, what from the FCC, you know, rule 204, which is that burdensome advertising rule that you were alluding to earlier. That does seem a little too harsh. The idea of it, the theory of regulation crowdfunding is that every investor should have access to exactly the same information at all time.   Eve: [00:31:29] That's right. Yep.   Mark: [00:31:31] And so that's why they don't let you freely advertise. They want all attention to get focused back to the funding portal.   Eve: [00:31:39] Right.   Mark: [00:31:40] Which is supposed to be the sole source of the information. And so, yeah, I totally understand that. I'm not going to say there's no reason for the rule. I think maybe this is an example of ideology, sort of, getting the better of practicality. The rule is just impractical. And ...   Eve: [00:32:02] Yes. Yeah.   Mark: [00:32:04] The ideological purity of it I think is outweighed by the burden that it places on, again, on very, very small companies.   Eve: [00:32:13] We've ended this on a bad note.   Mark: [00:32:15] Yeah, but well we're sort of searching for ways that maybe in five years from now, maybe the S.E.C. will make the rules even better.   Eve: [00:32:26] Yeah.   Mark: [00:32:26] But these little rules, you know, again, we're dealing with tiny companies and you know, big companies have the resources to hire lawyers, like me, or even have their own in-house lawyers. But these are tiny companies. So, a lot of these rules, as you know, in your position as a funding portal end up just being tripping points, you know, traps for the unwary.   Eve: [00:32:50] Yes.   Mark: [00:32:51] Yes, we could do with fewer of them. But on a positive note, again, 2020 is going to be a very, very good year.   Eve: [00:33:00] Yes, it is. And final question, what's next for you?   Mark: [00:33:06] What's next for me is, you know, I've just started a new law firm, Lex Nova Law. Super exciting, fun, high tech, really cool, hiring more people, training more people to learn about these rules. And part of my job in the crowdfunding industry is to educate people. So, I love being on the forefront of education. And another part of my job, I think, is to make the industry better. And that means more compliant, but also more efficient. The Internet, which is what crowdfunding is all about, it requires efficiency, right? It is ...   Eve: [00:33:54] Yes.   Mark: [00:33:55] It is a tough taskmaster. You know, Amazon. You try to compete with Amazon in retail, man, you find out how efficient they are. So, lawyers, the key kind of friction points in the syndication world, in the capital formation world. You know, lawyers have to become more efficient. And I work on that all the time and try to work with industry leaders to make the crowdfunding industry better for investors, in part by making it more efficient. So, that's the answer your question   Eve: [00:33:55] Great. Well, I've had the privilege of working with you on that. And I agree. Efficiency really matters. Thank you so much for joining me. And I also can't wait to see what the year holds.   Mark: [00:34:42] Thank you so much.   Eve: [00:34:44] Okay.   Mark: [00:34:44] Have a great day out in sunny Pittsburgh.   Eve: [00:34:51] That was Mark Roderick. We got into the weeds together about the proposed improvements to regulation crowdfunding. He and I both understand what these changes will mean to capital formation. As Mark said, these proposals are great for the crowdfunding industry and for American capitalism. They're not about Wall Street. They're about small companies and ordinary American investors, where jobs and ideas come from. You can find out more about impact real estate investing and access to the show notes for today's episode at my website, EvePicker.com. While you're there, sign up for my newsletter to find out more about how to make money in real estate while building better cities. Thank you so much for spending your time with me today. And thank you, Mark, for sharing your thoughts with me. We'll talk again soon. But for now, this is Eve Picker signing off to go make some change.  

Mark Roderick is a corporate and securities lawyer that has spent the last eight years in the crowdfunding space. He strives to educate investors on the risks and benefits of crowdfunding. Mark shares his experiences and predictions about what new regulations will be coming up during a market downturn, offers words of wisdom about working with middlemen, and talks about how investors can safely participate in real estate crowdfunding.   Key Insights: What was life like before crowdfunding? It was very difficult to raise money back then and it took a lot of time. The Jobs Act opened doors for so many people! Entrepreneurs could now raise money online. Mark was skeptical about how a marketplace like Kickstarter would work… at first. In the beginning, people would ask Mark if, ‘Crowdfunding was just a fad?’ No, it’s not! What kinds of regulations are in place that protect investors from getting scammed? There are two platforms investors can choose from. One that functions as a marketplace and another one that is a lot more selective and vetted on what types of deals get brought to the investor’s table. Always be wary when there are middlemen involved. It just means there are taking a small piece out of your overall return. Mark shares his thoughts on the accredited investor requirement guidelines. What kinds of regulations are out there and what types of regulatory changes should investors be aware of? How can investors protect themselves as they begin crowdfunding? When everyone is making money, the legal documents go out the window. However, when people lose money, that’s when lawyers and investors start combing through those documents with a fine-toothed comb. When there is a downturn, expect to see some reforms happen in the industry. Mark doesn’t know what will happen to the real estate crowdfunding portals during a downturn. They make money doing deals and if no one is doing deals, how will they survive? Alpha Investing takes a slow approach where if they don’t find a good and vetted deal within six months, that’s completely okay. They pride themselves on quality over quantity. Mark shares his thoughts on the crowdfunding model vs. private equity. Crowdfunding portals are a threat to angel investors and private equity firms because they are middlemen. Industries get disrupted because there was once a big player that owned the largest share of the market. However, the smaller guys started to come in and were able to adapt quickly and make the experience better, and suddenly they were no longer the smaller guys. Mark believes that the industry needs standardized legal documents. Right now, everything is so scattered and it doesn’t always make sense.   Subscribe to this podcast to build your healthy financial foundation through expertise, insights, strategies, tactics, wisdom, and inspiration from Alpha Investing’s community of professionals, advisors, investors, and members: Apple — Spotify — Google — TuneIn — Stitcher Guest Bio Mark Roderick is a corporate and securities lawyer at Flaster Greenberg PC in Cherry Hill, NJ. Since the JOBS Act of 2012, he has spent all of his time in the crowdfunding space and today is one of the leading crowdfunding and fintech lawyers in the United States. He writes for the widely read blog crowdfundingattorney.com, which provides readers with a wealth of legal and practical information for portals and issuers. He also speaks at crowdfunding events across the country and represents industry participants across the country and around the world. He can be reached at mark.roderick@flastergreenberg.com or 856.661.2265.   Resources: Real Wealth Real Health Alpha Investing podcast@alphai.com Crowdfundingattorney.com Mark on LinkedIn Crowdstreet.com Realcrowd.com Startengine.com Kickstarter.com

Mark Roderick is one of the leading crowdfunding and fintech lawyers in the United States. Early on his career, he saw the opportunity to expand on his in-depth knowledge of capital-raising and securities law and began representing many of the most popular players in the crowdfunding and crypto field. Today, Mark writes a widely-read blog that provides readers with a wealth of legal and practical information for portals, issuers, and investors. He speaks at crowdfunding events and represents industry participants across the country and around the world.

Contact info:Mark Roderick Attorney at Law Flaster/Greenberg P.C. Commerce Center 1810 Chapel Avenue West Cherry Hill, NJ 08002-4609 (856) 661-2265 (Business) (856) 661-1919 (Business Fax) mark.roderick@flastergreenberg.com Bio:Mark Roderick is one of the leading Crowdfunding and Fintech lawyers in the United States. Expanding on his in-depth knowledge of capital-raising and securities law, Mark represents many portals and other players in the Crowdfunding field. He writes a widely read blog, www.crowdfundattny.com, which provides readers with a wealth of legal and practical information for portals, issuers and investors. He also speaks at Crowdfunding events across the country, and represents industry participants across the country and around the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this podcast, you'll learn: Fund of Funds - entity that owns something. Usually owns a bunch of things, like a real estate fund that owns 10 shopping centers. -Mutual funds that invest in another mutual fund -Entity that buys little pieces of other company Fund Entity- they raise money from investors and the fund entity will make investment in different sydications that they have vetted. Syndication by syndication basis - create an entity for each syndication. Investors will choose if they want to diversify for them or pick the deal. *To connect with Mark, visit his blog at (https://crowdfundingattorney.com/) *Sponsor: Think Muiltifamily (https://thinkmultyfamily.com/podcast) *And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (https://podcasts.apple.com/us/podcast/creative-real-estate-podcast/id1285094279)

Mark Roderick is a very “boring” corporate and securities lawyer at Flaster Greenberg PC in Cherry Hill, NJ. Since the JOBS Act of 2012, he has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States. He writes this widely read blog, www.markroderick.net, which provides readers with a wealth of legal and practical information for portals and issuers. He also speaks at Crowdfunding events across the country and represents industry participants across the country and around the world. What you'll learn about in this episode: An overview of the crowdfunding space for investors Mark's role as an attorney in the crowdfunding niche The different types of crowdfunding as we know it: donation-based and equity-based The 3 flavors of crowdfunding: Title II, Title III, and Title IV The advantages of blockchain technology and how you can use it for investing Resources: Website: www.markroderick.net LinkedIn: https://www.linkedin.com/in/markroderick/ Blog: www.crowdfundattny.com Twitter: @CrowdFundAttny Additional resources: Website: www.SmartRealEstateCoachPodcast.com/webinar Website: www.SmartRealEstateCoachPodcast.com/termsbook Website: www.SmartRealEstateCoachPodcast.com/ebook Website: www.SmartRealEstateCoachPodcast.com/QLS

Today's guest on the Making Money in Multifamily Real Estate Show is Mark Roderick Mark is one of the leading crowdfunding and FinTech lawyers in the United States He has in depth knowledge of capital raising and securities law. He represents many portals and other players in crowdfunding. He has a blog at Crowdfundingattorney.com. It provides readers a wealth of knowledge for legal and practical information. He also has a crowdfunding event across the country and represents industry participants all over, all around the world. In this episode we cover: • The history between crowdfunding and real estate capital raising • The process of verifying an accredited investor and common practices used in the industry • The liability of a sponsor once you verify an investor’s accreditation • Different sections of the tax code and how they can be used to fund a deal • What you should to as an investor to vet a sponsor in a fundraised deal Quotes from the episode: • “Dave Morgia: So just to be clear, Mark, if you are taking that step, whether it be verified investor or some other company vetting the investor, if you are taking that step to validate their accredited status, as a sponsor or a general partner, how much responsibility do you have after that point as far as that goes?   Mark Roderick: Zero is the practical. That's the thing. You are not required as the GP to use Verify Investor. You can do it yourself. You can ask the investor for his or her tax returns or for a letter, to get a letter from his or her accountant. Some people say, "Well, I'd rather do it myself". Terrible idea, because if you make a mistake and it screws up your whole deal, now everyone can sue you and say you weren't careful enough, your assistant lost the piece of paper. So you assume liability for making a mistake whereas if you get the third party to do it, you are, you [inaudible 12:59], you collect your $200, you have absolutely no liability. So it is a no brainer to use the third party. "A tax return is only a moment in time. When you look at a business, especially a small business, and how they operate the bank statement. Their weekly and monthly is indicative of how they operate the business.”” • “Well, that's a great question. If you are a non-accredited investor, and you were investing in a Regulation A deal, what you are investing in is not the project. You are investing in the sponsor. So you want to look at the sponsor's track record. So in a Regulation A offering, it's required to give all kinds of information about the sponsor's track record. You want to look at that and make sure it's a positive. And then you really want to Google the sponsor, because it's all about the sponsor. A first time sponsor that you don't know, I would not invest. They may be a terrific, but you are not going to be the sponsor's Guinea pig. So if you get a sponsor who has been successful and I know a bunch of them, that's what you are investing in. And understanding that real estate is unpredictable, that's the basis that I would invest in.”   Rea

Show notes:Mark Roderick is one of the leading Crowdfunding and Fintech lawyers in the United States. Expanding on his over 20 years of in-depth knowledge of capital-raising and securities law, Mark represents many emerging portals and other players in the Crowdfunding field. He writes on the popular blog, crowdfundattny.com, which provides readers with a wealth of legal and practical information for portals, issuers and investors. He also speaks at Crowdfunding events across the country, and represents industry participants across the country and around the world.On this episode you'll learn:- Mark’s background and experience in Real Estate- An attorney’s take on real estate crowdfunding.- 3 flavors of crowdfunding.- When can crowdfunding be advantageous or disadvantageous?- How can newer operators and deal sponsors safely raise capital- Avoiding liability- Role of the SEC- Red flags to watch out for as a passive investor/limited partner- The new tax laws for real estate: Opportunity Zones, etc.Contact Info:Email: Mark.Roderick@flastergreenberg.comWebsite: www.Crowdfundattny.com

Jack gets the day off, and Shecky gets to have a one-on-one conversation with Mark Roderick, the leading Crowdfunding and FinTech lawyer in the US. In this episode, you'll learn... - What is Crowdfunding? - The two different kinds of Crowdfunding - What and who to look for in a Crowdfunding company. - How does Crowdfunding apply to Real Estate Investing? - Who are the big players in the Crowdfunding space? - The 3 types of Equity Crowdfunding This episode is a MUST listen to anyone wanting to understand how technology is changing our investing landscape! Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526 Learn more about Mark at https://crowdfundattny.com/ Visit Our Website To Learn More About How We Handle True Turnkey Properties: https://highreturnrealestate.com/ Follow us on Social: https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526 https://www.facebook.com/HighReturnRealEstate/  

Rules are always changing in the crowdfunding space. Make sure that it is the best way for you to raise private capital by understanding the mechanics of this process. In this episode, let one of the leading Crowdfunding and FinTech attorneys, Mark Roderick, get you up to speed with the new laws and technology, and how the internet has disrupted this industry. Mark also talks about three flavors of Equity Crowdfunding and the rules for each type. Get an investor's point-of-view and determine factors that dictate how much money you need to raise. Love the show? Subscribe, rate, review, and share! Join the Kevin Shortle Show community today:

Rules are always changing in the crowdfunding space. Make sure that it is the best way for you to raise private capital by understanding the mechanics of this process. In this episode, let one of the leading Crowdfunding and FinTech attorneys, Mark Roderick, get you up to speed with the new laws and technology, and how the internet has disrupted this industry. Mark also talks about three flavors of Equity Crowdfunding and the rules for each type. Get an investor's point-of-view and determine factors that dictate how much money you need to raise. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Kevin Shortle Show community today: kevinshortle.com Kevin Shortle on Twitter Kevin Shortle on LinkedIn

Mark Roderick is one of the leading crowdfunding and fintech lawyers in the United States, and is an expert in capital raising and securities law.; he helps real estate investors structure their projects so they can raise capital efficiently. ❓ Want to talk to Seth about real estate investing? Go to http://www.CallSeth.com to book a 20 minute call. ❓

Mark Roderick is one of the leading Crowdfunding and Fintech lawyers in the United States. Expanding on his in-depth knowledge of capital-raising and securities law. On this episode, we bring Mark on to talk about the benefits of crowdfunding for real estate investors.

Watch the video recording of this show,   See the highlight videos   Gain access to online real estate syndication resources   ACCESS THE SHOWNOTES PAGE BY CLICKING HERE.

Mark Roderick is a very boring corporate and securities lawyer at Flaster Greenberg PC in Cherry Hill, NJ. Since the JOBS Act of 2012, he has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States. He writes this widely read blog, www.crowdfundattny.com, which provides readers with a wealth of legal and practical information for portals and issuers. He also speaks at Crowdfunding events across the country, and represents industry participants across the country and around the world. In this episode, we talk about: What is wrong with traditional financial planning Why crowdfunding is great Difference between Return on Investment and Rate of Income What is the "bank on yourself" thought process What questions should your financial planner be asking you You can reach Mark at CrowdFundAttny.com  and (856)661-2265 ------------------------------------------------------ Learn how to create a consistent income stream by only working 5 hours a month the Blissful Investor Way. Grab my FREE guide at http://www.BlissfulInvestor.com

Our guest on this episode of The Wealthy Wellthy Podcast is Mark Roderick, an attorney who devotes most of his time to crowdfunding. Maybe you are like me in thinking that crowdfunding is pretty straightforward and self-explanatory. I mean, if your friend is looking to start a business and you want to support them, you can donate or invest through their crowdfunding page online and that’s that, right? Every entrepreneur faces the stage in their business where they need to acquire capital, either from acquaintances, networking, angel investors, venture capitalists, or strategic partners. This process is messy and confusing, filled with regulations and stipulations that may make acquiring the capital more trouble than it is worth. This was partially due to the antiquated laws that were created in the aftermath of The Great Depression and were stifling in the modern economic climate. However, in 2012, the Jobs Act made it legal for entrepreneurs to advertise to raise capital. This opened up a whole new world for small business owners and others who were desperate to be able to connect more easily with potential investors as well as investors who were eager to find new opportunities. During the interview, Mark distinguishes between the 3 kinds of crowdfunding: (1) to accredited investors only, (2) Regulation A to accredited or non accredited investors, and (3) Title 3 – which is the most common. He also talks about the factors that are most important from a legal perspective when you are determining which crowdfunding site to use to raise capital or to invest capital. It was also interesting to hear Mark spell out the 3 reasons why people invest through crowdfunding: (1) they want to support the company, (2) to do social good, and (3) to make money. Mark even gave me some advice about a real estate deal I am considering and revealed that 90-95% of the capital exchanged through crowdfunding is for real estate transactions. Finally, he busted a couple of myths regarding the amount of risk involved in crowdfunding and whether money raised from others is subject to securities laws.   For show notes and more info visit: http://wealthywellthy.life/139 

Mark Roderick fills us in on how the rich can take care of themselves and the non-rich need the government which is why he thinks crowdfunding is so important to the regular Joe. Since the JOBS Act of 2012, Mark has spent much of his time in the crowdfunding space. If you have ever thought to yourself the internet is a ruthless landscape slowly squeezing the middleman and driving human being up the value chain? Then you’ll want to tune into this week’s episode where Mark will explain everything from syndications to cryptocurrencies to crowdfunding, oh my!

Mark Roderick fills us in on how the rich can take care of themselves and the non-rich need the government which is why he thinks crowdfunding is so important to the regular Joe. Since the JOBS Act of 2012, Mark has spent much of his time in the crowdfunding space. If you have ever thought […]

Raising money without begging investors is no easy task for startups. At times, help from a third-party individual is needed to make it happen. But how do you know if you are legally paying brokers to raise capital and not breaking any law or guides set by the Securities and Exchange Commission? Mark Roderick is […]

On this episode I sit down with Mark Roderick, a leading crowdfunding, investing and fintech lawyer. We talk about blockchain, crowdfunding, the JOBS act, and how all of these things are going to be changing the real estate industry. We discuss the different types of crowdfunding flavors and how each of them work. If you have a question that you want to be answered on the next episode, tweet me or DM me @martelantoine. Or you can ask questions here - martelturnkey.com/podcast-questions/

Mark Roderick is one of the leading Crowdfunding and Fintech lawyers in the United States. Expanding on his in-depth knowledge of capital-raising and securities law. Mark represents many portals and other players in the Crowdfunding field. He writes a widely read blog, https://crowdfundattny.com/ (crowdfundattny.com), which provides readers with a wealth of legal and practical information for portals, issuers, and investors. He also speaks at Crowdfunding events across the country and represents industry participants across the country and around the world. Key Points Crowdfunding – what it is and how it relates to real estate Comparing and contrasting crowdfunding and syndication How much money you can raise and who you can raise money from Title 2, Title 3, & Title 4 crowdfunding – what to know Predictions of how technology will impact real estate investing in the future Resources Visit http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial and free audiobook download! https://crowdfundattny.com/ (crowdfundattny.com)  

MapableUSA.com: Regarding Opportunity Zones, many changes are on the horizon and new legislature is constantly being proposed. However, many questions remain – especially with respect to Opportunity Zone Funds. These funds are self-certified, so how do you know who is behind these entities and how do you know which ones are reputable and vetted correctly? Listen to crowdfund attorney Mark Roderick of the lawfirm of Flaster Greenberg as he gives his take on what’s going on in the market, and why the Opportunity Zone Authority may have the solution to provide investor confidence in the OZ Funds that are available to all investors seeking deferral of their capital gains taxes.

My guest on today’s show is Mark Roderick, who is a Crowdfunding Attorney, with Flaster Greenberg PC (https://www.flastergreenberg.com) . He concentrates his practice on the representation of entrepreneurs and their businesses. He represents companies across a wide range of industries, including technology, real estate, and healthcare. Expanding on his in-depth knowledge of capital raising and securities law, Mr. Roderick is spearheading Flaster Greenberg’s Crowdfunding Practice. He also is a member of the firm’s Mergers and Acquisitions, Business and Corporate, Taxation and Healthcare Groups. During today’s episode, you will learn what exactly crowdfunding is, as well as process and particulars you need to know to start your fund. Also, you will discover the platforms and costs of crowdfunding and why obtaining a securities lawyer is essential. We also go into detail on the benefits of Regulation A, as well as the securities hoops you must jump through. You don’t want to miss Mark’s expert opinion on the exciting developments in the next five years and what it means for the future of crowdfunding. Tip of the Day: Go sign up as an investor at CrowdStreet and Real Crowd to get more information on Crowdfunding. - Mark Roderick (https://twitter.com/share?text=Go+sign+up+as+an+investor+at+CrowdStreet+and+Real+Crowd+to+get+more+information+on+Crowdfunding.+-...&url=https://www.investthispodcast.com/?p=2639) Tweet This (https://twitter.com/share?text=Go+sign+up+as+an+investor+at+CrowdStreet+and+Real+Crowd+to+get+more+information+on+Crowdfunding.+-...+-+&url=https://www.investthispodcast.com/?p=2639)   More Useful Information on Improving Your Business: INVESTTHIS EP 54: (https://www.investthispodcast.com/the-advantages-of-syndication-investing-as-a-limited-partner/) The Advantages of Syndication Investing as a Limited Partner   Start In Wholesaling: Want to start in wholesaling? I got my first deal going using Real Estate World Wide. TRY IT YOURSELF! (https://jr208.isrefer.com/go/fmsnaw/a717/)

Welcome to another week of the Wild West Crypto Show! This week we talk with Mark Roderick who is a crowdfunding attorney. You don't want to miss this 'lively discussion' as Brent recalls it.    Jonathan from CryptoCurrencyWire updates us about what's going on this week in the crypto space! Samsung is beginning to dive into the cryptocurrency world, BlockPal to release a new branded digital wallet, and the team at CCW will have a booth at the April 6th World Record Blockchain Meetup although they will not be physically there but with a projection of every update they have done with us.    The Good, Bad, and Ugly covers things such as the subject on the banks new views on cryptos, are security token offerings the same as ICOS?.    We at The Wild West Crypto Show and C-Suite radio work at the speed of crypto to bring you all the latest content! Please subscribe to our Youtube Channel and we promise to give you all the latest news and content in the crypto space! Learn more about your ad choices. Visit megaphone.fm/adchoices

Curious about crowdfunding, particularly as it relates to funding your own real estate investments? If so, you're in luck, as this week's episode dives into the heart of all things crowdfunding. Guest Mark Roderick shares what exactly it is, along with how exactly you employ crowdfunding as a viable funding channel. Plus, the discussion also provides a glimpse of cryptocurrency's future...and it's NOT what you'd expect. To hear that and more, click "play" in iTunes now!

Technology has made it easier to raise capital for real estate deals. Crowdfunding has grown exponentially, so we talked to Mark Roderick to learn more about crowdfunding and fintech (financial technology).  Mark is one of the leading Crowdfunding and Fintech lawyers in the US with extensive knowledge of capital raising and securities law. On this episode, he talks about different ways to use the internet to raise money and the impact new technologies will have on the way we buy real estate.     Partner: Get Your Early Bird Tickets to the Midwest Real Estate Networking Summit Key Market Insights Crowdfunding is raising money on the internet Two versions – donation based (think Kickstarter) and equity based Crowdfunding is online syndication with 3 flavors: title 2, title 3 and title 4 All crowdfunding falls under the JobsAct Title 2 is very similar to 506c for accredited investors Title 3 is very different, can only raise $1MM annually Title 4 can raise $50 million FinTech – any technology disrupting the financial services industry Many believe banks should be a disintermediary Roboadvisor apps are apart of FinTech Online syndication is not more risky than traditional syndication Anytime you take money, you can be sued When done properly, you should not be exposed to any actual liability – even if they lose money Blockchain technology could disrupt the real estate industry Blockchain is a database or ledger that cannot be changed and has no central authority – everyone must consent Title companies and other “middle men” could be pushed away through blockchain   Partner: Be sure to check out the #InvestThis Podcast with Scott Bower     Bull’s Eye Tips: Winning in Crowdfunding: Marketing Tracking Market Changes: Conferences, Blogs   Resources:   Digital Resources Google LinkedIn Groups   Tweet This: "Anytime you take money, you can be sued"   "When done properly, you should not be exposed to any actual liability – even if they lose money"     Places to Grab a Bite: Park Place – Merchantplace   Connect with Mark: Website: Crowdfundattny.com Phone: 856-661-2265   Leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at TargetMarketInsights.com.    

Interested in equity crowdfunding? What about understanding how to raise money from the crowd? In today's podcast episode, I spoke with the crowdfunding attorney, Mark Roderick. He did a complete brain dump on all of the regulations impacting raising funds online. Sponsors The Gadget Flow: Their product discovery platform reaches 22 million people per month! They’ve helped more than 5,000 crowdfunding campaigns and have a social media following of more than 700,000 followers. Fulfillrite: Kickstarter and crowdfunding reward fulfillment services. They come highly recommended! BackerKit helps crowdfunders with the survey and order fulfillment process. Don’t buried in spreadsheets and manual data entry! SendPro Online by Pitney Bowes: Save time and money no matter what you send from letters and packages or overnights and flats.

Here is some of what you will learn: Real Estate SyndicationsOPM (Other People’s Money) and Securities LawsUnderstanding Securities ExemptionsMost common exemptions for syndicationsThe 506(b) exemptionAccredited InvestorsSophisticated InvestorsThe JOBs actThe 506(c) exemptionUnderstanding Reg ADocuments for Syndication (3) Learn more about our guest, visit: Crowdfundattny.com To find out more about partnering or investing in a multifamily deal: Text Partner to 41411 or email Partner@RodKhleif.com   Join us at a Multifamily Bootcamp, visit: http://MultifamilyBootcamp.com   Review and Subscribe   Acquisitions,Mark Roderick, apartment investing, apartments, appreciation, Assisted Living, broker, brokers, business, cash flow, cashflow, commercial, commercial real estate, CRE, CRE investing, Defaulted paper, Donald Trump, entrepreneur, equity, Eviction, expert, experts, Foreclosure, funding, Hedge fund, investing, investing in real estate, investments, Rod Khleif, Rod Khleif Florida, Rod Khleif Real Estate, Riyad Khleif , manager, mergers, millionaire, multi-family, multifamily, Office, passive income, podcast, private lending, private money, property management, raw land investing, real estate, real estate broker, real estate cashflow, real estate coaching, real estate investing, real estate investor. Investing, REIT, Retail, Robert Kiyosaki, sales, Sales Coach, sales expert, Sales Training, Self Storage, Selling, Senior Living, Shopping Center, Short Sale, Suburban Office, syndication, training, value add, Repositioning assets, multi-family expert, multifamily expert, multi family investing, multifamily training

Mark Roderick explains the difference between equity-based and rewards-based crowdfunding. Mark Roderick is a corporate and securities lawyer. Since the JOBS Act of 2012, Mark has spent all his time in the Crowdfunding space and is one of the leading Crowdfunding and Fintech lawyers in the United States. He writes a widely-read blog, www.CrowdfundAttny.com, with a wealth of legal and practical information for portals and issuers. Mark also speak at Crowdfunding events across the country, and represents industry participants across the country and around the world

In episode 145, I got to talk with corporate and securities lawyer, Mark Roderick. Since the JOBS Act of 2012, Mark has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States. To learn more about Mark, go to his website www.CrowdfundAttny.com Mr. Roderick represents dozens of portals and other participants in the Crowdfunding industry, providing both technical knowledge and industry expertise. Mr. Roderick has spent more than 30 years representing entrepreneurs and their businesses in a wide variety of transactions, including: Counseling entrepreneurs through the formation, development, and growth of their businesses Raising money through private placements and venture capital Buying, selling, and investing in businesses Planning business transactions to minimize corporate and individual taxes Preparing Shareholders’ Agreements, Partnership Agreements, and Operating Agreements Protecting business goodwill through restrictive covenant (non-compete) agreements Compensating key employees using options and restricted stock Technology licensing and development

In episode 145, I got to talk with corporate and securities lawyer, Mark Roderick. Since the JOBS Act of 2012, Mark has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States. To learn more about Mark, go to his website www.CrowdfundAttny.com Mr. Roderick represents dozens of portals and other participants in the Crowdfunding industry, providing both technical knowledge and industry expertise. Mr. Roderick has spent more than 30 years representing entrepreneurs and their businesses in a wide variety of transactions, including: Counseling entrepreneurs through the formation, development, and growth of their businesses Raising money through private placements and venture capital Buying, selling, and investing in businesses Planning business transactions to minimize corporate and individual taxes Preparing Shareholders’ Agreements, Partnership Agreements, and Operating Agreements Protecting business goodwill through restrictive covenant (non-compete) agreements Compensating key employees using options and restricted stock Technology licensing and development

Mark Roderick is a very “boring” corporate and securities lawyer at Flaster Greenberg PC in Cherry Hill, NJ. Since the JOBS Act of 2012, he has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States. He writes this widely read blog, www.markroderick.net, which provides readers with a wealth of legal and practical information for portals and issuers. He also speaks at Crowdfunding events across the country, and represents industry participants across the country and around the world. He can be reached at mark.roderick@flastergreenberg.com or 856.661.2265. Topics discussed: legalities Crowdfunding Events Links mentioned in this episode: Mark's blog: www.markroderick.net Crowdfunding Cheat Sheet hosted https://crowdfundattny.com/crowdfunding-cheat-sheet/ Twitter: @CrowdfundAttny To connect with Adam Adams, please book here : (https://Calendly.com/AdamAdams/call) For more information, visit us at (https://RealBlueSpruce.com) For information about Adam's Mastermind, visit (https://RealBlueSpruce.com/boardroom) If you couldn't make it to the Raising Money Summit, order the recording here:(www.raisingmoneysummit.com/recordings-order-from) For tickets to the Raising Money Summit 2020 (https://2020.raisingmoneysummit.com) For information about Adam's coaching: (https://www.raisingmoneysecrets.com/rms26858220) Follow Adam on social media at (https://www.facebook.com/aaainvests/) (https://www.linkedin.com/in/adam-adams-b8a0b6177/) And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (https://podcasts.apple.com/us/podcast/creative-real-estate-podcast/id1285094279)

MapableUSA.com: The word is out about Qualified Opportunity Zones (QOZ) and just about every real estate professional in the country is interested about how this IRS sanctioned program works. Investing in a QOZ Fund provides all Americans with a way to save money on their taxes and provides real estate developers with a great angle to raise money for their projects. But are these investment vehicles securities? Can non-accredited investors participate? How can issuers create their own fund? Listen to attorney Mark Roderick from Flaster Greenberg address these questions, what the intricacies of QOZ investing are, and many others on this episode of the Mapable USA crowdfunding podcast.

What does the crowdfunding sector look like from a legal perspective? How do recent and previous laws passed by Congress impact startup entrepreneurs and crowdfunding campaigns? Here to give his unique take on the subject is one of the leading crowdfunding and financial technology lawyers in the United States, Mark Roderick. In his conversation with Roy, Mark opens up about the JOBS Act of 2012, the pros and cons of equity crowdfunding, various liability concerns that startup entrepreneurs should keep on their radar and much more. You don’t want to miss a minute of this engaging episode featuring Mark! Who is Mark Roderick? Mark Roderick has enjoyed a robust career representing entrepreneurs and their businesses successfully for more than 25 years. He serves companies across a wide range of industries, including the technology, real estate and healthcare industries. Leveraging his in-depth knowledge of capital raising and securities law, Mark is spearheading Flaster/Greenberg's crowdfunding practice. Mark is passionate about encouraging and equipping business leaders so the crowdfunding sector can continue its upward momentum. Learn more about Mark and his fascinating legal perspective by checking out the link to his blog located in the resources section at the end of this post! Three types of crowdfunding created by the JOBS Act of 2012. Have you heard of the JOBS Act of 2012? Do you know how that law impacted the crowdfunding sector? Thankfully, attorney Mark Roderick was kind enough to break it all down in an easy to follow approach. The JOBS Act created three types of crowdfunding. Title two of the JOBS Act allows companies to use the internet or other mediums to advertise their security offerings. Title three of the JOBS Act allows a company to make securities offerings to non-accredited investors. Title four of the JOBS Act, also known as, “Regulation A” allows an issuer to raise up to 25 million dollars a year from anyone (both accredited and non-accredited investors). To hear Mark expand on his insights from the JOBS Act of 2012 and much more, make sure to listen to this episode, you don’t want to miss it! The pros and cons of equity crowdfunding. How should startup entrepreneurs like you view equity crowdfunding? Are there specific scenarios that equity crowdfunding is right for rather than others? According to Mark Roderick, equity crowdfunding is good for businesses that have a financial reward to offer. Equity crowdfunding is not helpful for businesses or causes that don’t expect a financial return. The best example of equity crowdfunding is real estate investment, as the primary goal is to invest in a venture that will provide a decent ROI. Make sure to catch the full explanation of equity crowdfunding from Mark and when to use it by listening to this informative episode! Why it’s important to keep liability concerns in mind. As you build your startup business, are their certain liability concerns that you should have in mind? Have you started exploring this critical facet of getting your crowdfunded business off of the ground? According to Mark, anytime you take other people’s money, you are exposing yourself to potential liability. Here is the crucial part, if you do everything right and comply with the law, you will not be on the hook if the investor’s money is lost. If you are starting your crowdfunding campaign, keep this in mind and make sure you are honest and transparent with the folks you are raising funds from! Key Takeaways [1:05] Mark Roderick joins the podcast. [3:20] What the JOBS Act of 2012 created in regards to crowdfunding. [6:30] How should a startup entrepreneur decide which regulation to raise funds under? [9:00] The pros and cons of equity crowdfunding. [12:00] Mark talks about the Investment Company Act of 1940. [15:00] Which liability concerns should startup entrepreneurs have? [20:00] How does the recent tax law reform impact the crowdfundin...

Often in real estate investing, the million dollar question is, “where do I find capital?” And unless you’ve been in the game for a long time, you might not know that the internet actually revolutionized the capital formation industry.   Crowdfunding real estate is a simple concept, but one that has a lot of legal stipulations. Today’s guest, Mark Roderick, is a crowdfunding attorney who is here to share his expertise! On this episode of Investing in Real Estate, you’ll learn about the history of crowdfunding, how it works, and so much more!   Today's episode of Investing in Real Estate is sponsored by Purple. Purple is a leading comfort tech company that uses cutting-edge science to create the world’s most comfortable sleep and sit products. Right now, our listeners will get a FREE sheet set and mattress cover with any mattress purchase. Get yours at Purple.com/INVESTING.    Today’s episode is also sponsored by Fin! Fin does everything a great assistant can without the cost and commitment of a full-time hire. Try Fin for FREE by visiting our special link—http://fin.com/investing.   Book a call with our team: https://goo.gl/qr6iat  Show notes: http://morrisinvest.com/episode404  

In this episode of The Real Estate Investing for Cash Flow Podcast, Kevin shares the mic with Mark Roderick -- Corporate Securities Lawyer with a special focus in Fintech and Crowdfunding. Since the JOBS act of 2012, Mark has spent the majority of his time advising and representing the interests of upstart firms and companies on their fundraising activities. In addition, the contributions to his personal blog give detailed insight into the best fundraising strategies of the digital era. HIGHLIGHTS [10:52] What was the ultimate catalyst for the JOBS act of 2012? [16:28] What is Mark's "3 Flavors" of Crowdfunding? [25:44] What are the costs associated with setting up a Regulation A Public Offering? [33:42] What role has investor portals played in the last few years? [41:23] Mark's closing thoughts Job Opportunities with my Team: Click Here Recommended Resources: Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here Visit the crowdfundattny.com blog

MapableUSA.com: “I’m from the government and I’m here to help you”. That phrase made famous by Ronald Reagan usually doesn’t seem to apply for everyday investors, but in the case of Qualified Opportunity Zones (QOZ) , it may make sense. If you’re facing capital gains taxes, Investing in a QOZ Fund allows you to defer your taxable gains in an unprecedented manner. Listen to this podcast as attorney Mark Roderick from Flaster Greenberg explains the many intricacies of this IRS sanctioned program and learn some tips and tricks on how to make this program work for you. They don’t call this “opportunity” for nothing!

My guest in this episode is Mark Roderick. Mark is one of the leading Crowdfunding and Fintech lawyers in the United States. Expanding on his in-depth knowledge of capital-raising and securities law, Mark represents many portals and other players in the Crowdfunding field. He writes a widely read blog, crowdfundattny.com, which provides readers with a wealth of legal and practical information for portals, issuers and investors.

Mark has been  guest before, but we did our shows backwards. Usually, we’ll have a guest on to give their Best Ever Advice and then come back for a weekend show after that. Well, we’ve heard Mark’s Skill Set Sunday Episode already, now let’s hear his real estate investing story and Best Ever real estate investing advice. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “The investor is liable if the investor lied” - Mark Roderick   Mark Roderick Real Estate Background: A very boring corporate and securities lawyer Since the JOBS Act of 2012, he has spent all of his time in the Crowdfunding space He writes the widely read blog, which provides legal and practical information for portals and issuers. Listen to his previous episode: Say hi to him at Based in Philadelphia, PA Best Ever Book: Biography of Joseph Stalin   Get more real estate investing tips every week by subscribing for our newsletter at   Best Ever Listeners: Do you need debt, equity, or a loan guarantor for your deals? Eastern Union Funding and Arbor Realty Trust are the companies to talk to, specifically Marc Belsky. I have used him for both agency debt, help with the equity raise, and my consulting clients have successfully closed deals with Marc’s help. See how Marc can help you by calling him at 212-897-9875 or emailing him

The past couple years have seen a boom in the ICO space, followed by a whole lot of uncertainty. That’s due not only to the prices of crypto tanking this year, but also because of the issues surrounding the legality of issuing tokens and coins. While we aren’t financial advisors or legal experts, we are fortunate to encounter people who are. And today we’ll have a very informative discussion with Mark Roderick, one of the leading crowdfunding and fintech lawyers in the US. You’ll discover what’s legal, what’s not and where the future is taking us. You don’t need to be Perry Mason to know the SEC is going to crack down on the scams, but it’s important to know how regulation is going to legitimize our beloved blockchain world. You be the judge and the jury today as we welcome you to episode #205 of The Bad Crypto Podcast. Full Show Notes at: http://badco.in/205 SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunes Google Podcasts: http://badco.in/google Spotify: http://badco.in/spotify FOLLOW US ON SOCIAL MEDIA: Twitter: @BadCrypto - @joelcomm - @teedubya Facebook:  /BadCrypto - /JoelComm - /teedubyaw Facebook Mastermind Group: /BadCrypto LinkedIn: /in/joelcomm - /in/teedubya Instagram: @BadCryptoPodcast Email: badcryptopodcast[at]gmail[dot]com Phone: SEVEN-OH-8-88FIVE- 90THIRTY DONATE CRYPTO TO THE SHOW: If you'd like to donate a bit of cryptocurrency to The Bad Crypto Podcast, feel free to send copious amounts to the following locations:  $BTC: Bitcoin: 3GMgCH4dFUHSLdrPnLwEsfKPVnLnoGbzGZ  $ETH Ethereum: 0x1ccE8A04fa6743eD1D24cA063c7543D43B42F328  $LTC Litecoin: LavXqTWVHebEgVhBXdg3Hue3xEAmgtxLgr  $DOGE Dogecoin:  DMngvNMX1U8Sg8PkDjCC3UTS8Mmn9RqTP5 GET STARTED WITH CRYPTO WITH $10 BITCOIN FREE:We have an affiliate code with Coinbase.  If you decide to buy some crypto on Coinbase, you get $10 of free BTC, when you spend at least $100 in crypto.  The Bad Crypto Podcast also gets $10 BTC, as well. Win-Win. Coinbase is one of the most popular and well-known brokers and trading platforms in the world. Their platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital wallet available on Android & iPhone. Do your own due diligence, some people have had some customer support issues. Neither Joel nor Travis can attest to that.  If you do use Coinbase, once your coins clear, move it to an offline wallet or if you choose, move them over to another exchange. Here is a list of all of the top crypto-currency exchanges.  Choose one that you like. DISCLAIMER: Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency.  We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations. Show Edited By: Aaron The Tech (http://aaronthe.tech) Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.

MapableUSA.com: There are complicated rules associated with all aspects of crowdfunding, which is why it’s so important to have legal representation throughout all phases of the process. In this podcast episode, we interviewed crowdfunding attorney Mark Roderick from Flaster Greenberg who gave us many insights on crowdfunding in general, plus his take on tokenization and what security tokens can actually do for issuers and investors alike.

Mark Roderick is one of the leading Crowdfunding and Fintech lawyers in the United States. Expanding on his in-depth knowledge of capital-raising and securities law, Mark represents many portals and other players in the Crowdfunding field. He writes a widely read blog, crowdfundattny.com, which provides readers with a wealth of legal and practical information for portals, issuers and investors.  He also speaks at Crowdfunding events across the country and represents industry participants across the country and around the world.   During This Show We Discuss… Your potential legal liability using crowdfunding platforms When a potential investor can sue the project creator The “3 flavors” of crowdfunding you should know about Legal issues with flex versus fixed funding How the new tax law affects crowdfunding 20% tax deduction in crowdfunding transactions Getting crowd funding for real estate investing What you should know about peer-to-peer lending Issues with bonuses you may offer to donors What to know about the SECs role in crowdfunding What an opportunity zone fund is and how they work Why trusts invest in crowdfunding projects Other big investors who are investing in crowdfunding campaigns Potential legal pitfalls in peer-to-peer lending? And much more…

Host and KYW Newsradio community affairs reporter Cherri Gregg asks the burning questions about a viral GoFundMe campaign gone wrong. It all began last year when Johnny Bobbit, a homeless veteran gave $20 to a stranded Katie McClure. To return the favor, McClure and boyfriend Mark D'Marco set up a GoFundMe account to help Bobbitt. The effort got widespread support, raising $400,000. Fast forward and Bobbitt claims the New Jersey couple didn't give him the money that was raised. He lawyered up and filed a lawsuit and now the couple could be indicted on fraud charges. What are the rules of crowdfunding online and beyond? How can donors protect themselves from fraudsters? Who must pay if a "fundraiser" turns out to be fraud. Panelists this week include Mark Roderick, an attorney with Flaster Greenberg who specializes in crowdfunding, Mu'min Islam, an attorney who represented a homeless couple that sued a non-profit that raised money on their behalf and Tom Nickels, a freelance journalist who knows Bobbit and penned a column titled, "City Safari: Faux Friends Defund Johnny. The Newsmaker of the week is Shaun Dougherty, 48. He recently went public with his experiences as victim of priest sex abuse. Dougherty says he was molested by a priest from the Altoona-Johnstown Archdioces beginning at age 10. His allegations were part of the 2016 investigation from that archdiocese. Dougherty came forward and told his story publicly this summer when the Pennsylvania Attorney General released a nearly 900 page Grand Jury report implicating roughly 300 people withing multiple Dioceses across the Commonwealth. Dougherty is now an advocate for survivors of child sex abuse within the church and is advocating for legislation that would eliminate the statute of limitations. There is a rally in Harrisburg to help pass news legislation. Details HERE. Finally, the Changemaker of the week is Be A Great You, Inc., a non-profit run by Malika Rahman. The organizations show youth of color the "story behind the glory" by providing them access to professionals, as well as experiences that help them grow. Rahman works in law enforcement and was inspired to start the organization after experiencing her own difficulties living on her own as teen. More at beagreatyou.org. Flashpoint airs every Saturday at 9:30pm and Sunday at 8:30am on KYW Newsradio. Subscribe to the Flashpoint Podcast on the Apple Podcast, Radio.com or others apps where you get your podcast by searching "Flashpoint KYW." See omnystudio.com/policies/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In the Best of Season One, listeners will be taken on a journey from surveying the market to conducting due diligence on the sponsor and the real estate. The Best of Season One features the likes of Mike Madsen, Paul Kaseburg, Mark Roderick, Michael Episcope, and more...*If you like this post, be sure to enroll in our free six week course on the fundamentals of commercial real estate investing — Enroll Now.*

Listen as Adam Hooper and Mark Roderick discuss operating agreements and waterfalls.Mark Roderick is a very boring corporate and securities lawyer. Since the JOBS Act of 2012, he has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States. He writes a widely-read blog, www.CrowdfundAttny.com, with a wealth of legal and practical information for portals and issuers. He also speaks at Crowdfunding events across the country, and represents industry participants across the country and around the world. He can be reached at (856) 661-2265 or mark.roderick@flastergreenberg.com.*If you like this post, be sure to enroll in our free six week course on the fundamentals of commercial real estate investing — Enroll Now.*

Listen as Adam Hooper and Mark Roderick discuss crowdfunding for real estate and the legal documents investors sign when investing in a real estate deal.Mark Roderick is a very boring corporate and securities lawyer. Since the JOBS Act of 2012, he has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States. He writes a widely-read blog, www.CrowdfundAttny.com, with a wealth of legal and practical information for portals and issuers. He also speaks at Crowdfunding events across the country, and represents industry participants across the country and around the world. He can be reached at (856) 661-2265 or mark.roderick@flastergreenberg.com.*If you like this post, be sure to enroll in our free six week course on the fundamentals of commercial real estate investing — Enroll Now.*

Cheat Sheet Equity Crowdfunding and Rewards Crowdfunding are very different, but also very similar. The preparation is different, what you are selling is different, but the need to build an audience and speak effectively to that audience is identical. The JOBS Act (in the US), in essence, allows you to “advertise” when raising money for small companies. You were not allowed to do this before. Public offerings (think IPO) are super expensive and private raises, (like Angel and Venture Capital) are inefficient because they are largely dependent on luck… who is within your network, what neighborhood you grew up in, etc. Risks are different for Equity and Rewards based Crowdfunding. Equity crowdfunding you are taking on investors, and all that comes with that. Rewards-based crowdfunding there is very little risk so long as you make a strong attempt at completing the project. However, if you spend your rewards campaign raise on strippers and Lamborghinis then you are committing fraud and could be investigated and thrown in jail. Luckily this is EXTREMELY rare.     About This Episode If you thought Rewards-Based Crowdfunding was a new industry, wait until you check out the Equity Crowdfunding Industry! We have talked about Equity Crowdfunding once before, but this episode we are going to take a look at the legal liability of Equity Crowdfunding, and also touch on Rewards Liability as well. And it is an especially important episode as Indiegogo JUST started offering to support Equity Crowdfunding Campaigns. I hate to jump the gun and cry “Game Changer!” but frankly Indiegogo is further cementing its role as the “anything goes” crowdfunding platform. That being said, to start you on your legal journey I have brought Mark Roderick on the show. Mark is a lawyer that has been helping entrepreneurs raise money for years. When he saw the JOBS Act on the horizon, Mark saw an incredible opportunity to help small businesses. If you haven’t done it before, raising money is a bit of a pain. You either have to have millions of dollars to IPO, or you have to know the right people. With Equity Crowdfunding you can sell shares to anyone all over the world over the internet. Equity Crowdfunding isn’t as easy as Rewards Crowdfunding. With Equity Crowdfunding you have to have your paperwork in order. Accounting, corporate governance, and business plan have to be all top notch. ...And then you have to do the same work as a regular campaign building an audience and putting together your pitch. Generally, this means that you are looking to raise larger sums of money. And for some businesses Equity Crowdfunding is the way to go! For a legal conversation, the discussion is surprisingly entertaining. I promise you will learn something that will aid you in your journey.   Resources Mentioned Markroderick.net Crowdfundingattny.com Oculus Rift Campaign Oculus Rift Sold to Facebook Skully Campaign Skully Goes Down In Flames Circle up - Consumer Products Equity Crowdfunding RealCrowd - Real Estate Crowdfunding CrowdStreet - Real Estate Crowdfunding SeedInvest - Tech Product Crowdfunding

Everyone hears about crowd funding today on the radio, podcasts, and many publications. It didn't always work that way. Thanks to some recent securities laws established a few years ago, it is much easier to build crowdfunding platforms and advertise the activity. Our best ever guest plays a big role in many crowdfunding operations today, tune in! Best Ever Tweet: It's much easier now to raise money, take advantage of it. Mark Roderick real estate background: More than 25 years of experience as has in-depth knowledge on capital raising and securities law He spearheads Flaster Greenberg’s Crowdfunding Practice and works with investors and crowdfunding portals Based in Philadelphia, PA Say hi to him at  in iTunes.  Listen to all episodes and get a FREE crash course on real estate investing at:  Sponsored by: Door Devil – visit   and enter “bestever” to get an exclusive 20% discount on your purchase. Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips: Subscribe in   and    so you don’t miss an episode!

This week I am chatting with lawyer, and avid skier, Mark Roderick about how to legally raise capital for your deals. Given the recent changes in the JOBS act the way people and businesses raise money is starting to evolve; we all have to be educated. This is an episode jam packed full of incredible information and advice from one of the leading crowd-funding lawyers here in the U.S.! For more show notes go to my website www.rsnpropertygroup.com Happy Investing! Reed