How to create a group of investors locally (family and friends)?

[Jim Coleman]

Hello all, 

Me and my cousin started to save up money to purchase a rental property. We are starting off small saving about $100 a week each with the hopes of purchaing are first rental at the start of next year. 

I was thinking of adding more people to our venture , but I wasn't sure how to structure it. Me and my cousin have a good understanding and we will be using my credit to purchase the property or should I be considering using business credit once i have my LLC up?

Just want to know how to create a family investment group in terms of structure. 

[Daniella Sanchez]

I would try to include as few people as possible. The more people you have involved the more potential issues you can run into. Especially if this is your first time working with someone, you don't know how they will act as a partner. If you want to include more investors I suggest talking to an attorney that specializes in real estate. They will have the resources you need to cover all your bases.