Partner investing on buy and hold
Hello BP, question about investing with partners on buy and hold real estate. So the situation is, a triplex for sale 290k. The real estate agent I'm working with asked me about partnering with him and 2 other investors. The deal would be the group would form an LLC, put in an equal amount down payment for 30% of the purchase price, self manage, and then after all expenses split the profits 4 ways. So my question is, would it be smart to go this route? Or, go ahead and purchase myself since I will have enough for DP and closing on this property. Thoughts?