Buying Into Investor Group LLC
Would you ever consider putting up money to invest in an LLC where there are other investors doing the same thing (who you don't personally know)?
I've recently been made aware of a group that essentially puts investors together based on their investment goals, available capital for investment, etc. The group invests alongside the other investors and takes care of property management. Basically, you'd be "buying into" the LLC as one of several individual investors. Property would be purchased for cash. LLC shares could later be sold, but group has right of first refusal.
Lots of questions still to be answered, but wanted to get everyone's feedback to see your thoughts and whether or not anyone has successfully (or unsuccessfully) done this.