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Tips for Maximizing Capital with LLC Partnership
I am creating an LLC with a business partner to buy Real Estate properties. We are looking at multi-family properties in Colorado Springs and Pueblo. We currently have around $100,000 in personal capital total.
A little background about my business partner and me. We served together in the Marine Corps. He currently lives in Denver and owns a property. I currently am living in Japan with my wife who is in the Navy. We will be here for two more years. My wife and I own a rental property in San Diego. The LLC's goal is to own multiple properties and eventually open a restaurant once I am back in the States.
I am curious to see if anyone has any tips on how to maximize our capital. Ideally, we would like to buy multiple properties, but with a 20-25% down payment, this eats up most of that capital. We plan on BRRRRing to get our money out and purchase more properties but that may take some time.
Thank you very much for reading and for any input!