I started a real estate investment group that consist of five of my friends I grew up with. We want to buy and flip houses and then do the brrrr. We were going to start a llc with all members listed on it but I read somewhere that said you can not get a 30 mortgage with and llc. Any advise?
Investor/Accountant/Builder · Meno, OK · Member since 2014 · 1k+ posts · 918 votes
6y
You need to do this by yourself. Five people will have 5 different ideas, goals, exit strategies, etc.
Why do you think you need partners.?
The only good thing is that the losses will be shared by 5 people.
Beware