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Updated over 1 year ago,
New Member from PEI, Canada
Hi Everyone,
Just decided to sign up here as I recently discovered the BP podcast. I am from Charlottetown, PEI, Canada and have been investing in real estate for 4 years (bought my first duplex at age 22). I currently have 3 duplexes and a single family home that I live in.
The next step for me is to buy bigger multi-unit properties. I am now looking for a 6+ unit property and I am looking for investors. I am wondering if anyone has any suggestions on how I should legally structure the deal with partners? What I mean is should I incorporate a company first and then sell shares to investors? Or try to find investors, and then incorporate? Or maybe I shouldn't incorporate at all and just set it up as a partnership (would save money on legal and accounting fees). If anyone has experience in this that would be greatly appreciated!
Look forward to hearing your suggestions.
Adam