Multi-Family deal with multiple investors
I am looking at a 6 unit multi-family property in my area in Orange County California. I am looking to partner up with 2 other investors to make the deal happen. This would be a syndicated deal correct? Is all of the legal paperwork necessary? Is there another way to make it happen? I know both of the investors well. Any thoughts or insights would be so helpful. Thanks.
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If those partners would be giving you money and you are doing all the work, then you have created a security. You will want to have an SEC attorney write up a PPM for you. For a small deal, you are looking at about $10K.