Getting to the Next Level
Hi Everyone,
I just joined BiggerPockets and must say I am impressed with the community. I currently own a portfolio of multi-family properties valued in the range of $5-7 million (closer to $10 million by the end of the year once I complete a refinance and close on another deal). I have found that I am at a point where I can no longer grow as quickly as I would like to, and am looking for some ideas from people who have been where I want to be. As of right now, I am paying 10% (no equity) to investors and it is quite informal. One of the major issues I am having is trying to figure out the best way to structure a company to accept money from many investors, how to attract many different investors from all over the continent (North America), and how the interest structure would be worked out for future investors. Any advice would be helpful.
Thanks!