Updated almost 6 years ago on . Most recent reply
Partnering with Friends to Invest in Multifamily
Trying to put an investment team together to buy multifamily units and open up free cash flow.
Currently 3 of us are capable of putting between 30-50k down but wonder if it is enough to get an amount of units that would get us into positive cash flow.
Also since this is between friends I imagine the LLC would be essential to draw out the plans that everyone agrees to.
Any advice or ideas would be greatly welcomed.
Most Popular Reply
Make sure you give everyone roles. If anyone is completely passive, it becomes a security, and you'll need to have a PPM drawn up.