b'9. Determine How You Will Solicit InvestorsFix-and-Flip SitesAccording to Forbes online 23 , hundreds of crowdfunding sites special-ize in funding fix-and-flips. House flippers can apply for a chance to list their project on a crowdfunding platform. The platform screens the appli-cants to ensure that they meet minimum eligibility criteria. If they seem like a good fit for potential investors, their project will be listed on the crowdfunding site. The investment may be debt or equity. If a debt investment, the inves-tor invests part or all of the funds needed for the project. The investor typically gets a whole or fractional promissory note and trust deed, or mortgage recorded against the property. These opportunities are general-ly only open to accredited investors under Rule 506(c). For equity invest-ments, the investor generally gets a piece of ownership of the property. When you find accredited investors through a Rule 506(c) crowdfund-ing platform, you may be able to develop direct relationships with the re-ferred investors and henceforth use them in future offerings. For crowd-funding companies that create a fund of funds to invest in an issuers offering, you will develop your own relationship with the principals of the crowdfunding company but it is unlikely that the crowdfunding company will be willing to share its investors contact information with you. Mostcrowdfundingplatformsareseekingexperiencedsyndicators. They will typically commit to raising a portion of the funds, up to 50 percent, and expect that you will raise the rest. Crowdfunding platforms spend a lot of time generating relationships with private investors so that when they accept a new customer, they can push the offering out to their database of investors. At the time of this publication, most crowdfunding platforms would commit to raising from one to three million dollars, although this amount may increase over time as the crowdfunding platforms, the syndicators who use them, and the investors who become their members get more experienced with this type of investing. Some crowdfunding platforms use securities broker-dealers as a sell-ing component; some use registered investment advisers; and other is-suers strictly sell on their own securities. There are white label platforms 23 Prosser, Mark, May 16, 2016 @ 04:02 PM, Forbes online, How to Invest In Fix and Flip Loans 103'