Investing with Friends or Building a Community: Which is Better?

🎧 Episode Overview

In this episode of Ironclad Underwriting, host Jason Williams sits down with real estate investor and educator Frank Patalano to unpack the world of real estate syndications and SEC exemptions, specifically, the difference between 506B and 506C offerings. Frank breaks down these regulations with his signature clarity, using easy-to-remember analogies from his teaching background.

🧩 Topics Covered

• The key differences between Regulation D exemptions: 506B vs. 506C
• What makes an investor “sophisticated” versus “accredited”
• How to build compliant investor relationships under a 506B
• The risks and structure of capital calls in syndications
• Why investor verification matters and how third-party accreditation works
• Gray areas and complianc ...