Looking to start LLC to buy flips with some partners.

[Christopher Taylor]

Have about 4 or 5 buddies that have some capital they are looking to invest, looking to start an LLC and buy properties with their investments and fix to flip. How do I go about this the right way, I'm having trouble figuring out my next step and where to go next. An info will be greatly appreciated!

[Scott Smith]

Hey Christopher,

Welcome to the BP community! This is a very vague post, so I don't know what type of advice you are asking about. Questions I would ask before giving advice would include:

1. Do you already have experience in real estate investing? Specific to fix-and-flips?
2. How well do you know this group? Have you worked with any of them in a professional manner in the past?
3. Are you asking about how to find deals? What entity to form to establish this partnership?

These are just a few questions I have. If you can answer some I will try swing back and offer some feedback! Also, be sure to type "@" Scott Smith to tag me when you response (or just use the "quote" option) so that I get informed when you respond.