Updated about 7 years ago on . Most recent reply
Investing with my brother
My brother and I want to start a real estate business. He wants to be a silent partner while I do all the Managment aspects of it.
What would be a good way to split the business? We wanted to split the profits 50/50 and divide up the closing costs separately, but aren’t sure what a good split would be??
Also what steps do we need to take before we purchase our first house? Do we need to create a partnership or form a LLC??
Thank you