Investing with family

[Christian Menchaca]

Hi, I’m new here thought I would ask what’s y’all’s experience in investing with family. My cousin who ownes and runs construction company asked me to invest in a property he got under contract for 500k I have another cousin who is a successful wholesaler. I asked him to take a look at it and got back to me saying it’s worth 700-800k based on near by comps. We came to an agreement in equity and some cash for the deposit to purchase and some allowance for reno. I haven’t gotten anything signed yet.