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Updated over 9 years ago on . Most recent reply

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Account Closed#1 BiggerPockets Exclusive PRO Area Contributor
  • Professional Auctioneer
  • Baltimore, MD
1,468
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Starting Out

Friendly Joint Venture

Account Closed#1 BiggerPockets Exclusive PRO Area Contributor
  • Professional Auctioneer
  • Baltimore, MD
Posted

Friendly Joint Venture

Raise investment capital by harnessing the power of numbers. Assemble ten people, each with $5,000 to $10,000, to create a $50,000 to $100,000 kitty! Form a limited liability company (LLC) with an operating agreement which gives you control as managing member. Invest the funds wisely, and then close the joint venture in twelve months. Split the equity and the profits!

Charles Parrish

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