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Updated almost 8 years ago on .

User Stats

11
Posts
1
Votes
Kristoffer Bergen
  • Bellevue, WA
1
Votes |
11
Posts

Partnership Investing and advice on setup and management

Kristoffer Bergen
  • Bellevue, WA
Posted

I am gathering a few investors together and want to set up a "company" to pool our money and buy properties for cash. These will be rental properties that are not local to me so (may) require a management company.

1) LLC or other?

2) How many investors is too much?

3)  General experience in setting this up as well as avoidable pitfalls.

4) Should it be property by property LLC or other?

5) Pay out schedules?

Any info on this would be extremely helpful, thanks in advance.

Kris