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Updated almost 6 years ago on . Most recent reply

User Stats

264
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130
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Jesse Daconta
  • Rental Property Investor
  • Newport News, VA
130
Votes |
264
Posts

Raising Money as a Single Check

Jesse Daconta
  • Rental Property Investor
  • Newport News, VA
Posted

We're currently raising money for a couple apartment complexes in Virginia but are quickly noticing that having each investor wire their money separately to the operator creates a lot of work for us to connect everyone.

I would like to just hand over a single check to the operator. What are the steps that we have to take to make this a reality?

Is this as simple as creating a new LLC (holds all of the investor's money) that will invest into the apartment LLC?

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