Updated over 5 years ago on . Most recent reply
Structuring a Deal with multiple investors
Hello! My brothers and I (4 of us total) want to invest in a rental property. We want to all pitch in money for the 20 percent down payment. How would you suggest we structure it? Thank you!
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I've done it with an LLC where each member is awarded shares. Someone needs to be the manager. You'll need an operating agreement as well. I have also used a JV Agreement. Hire a lawyer to draft the docs. You want to protect everyone even if it's family.