My Brother wants to be Partners

[Bijan Gavahi]

I told my brother that I want to start investing in rental properties. I told him I am reading books and going on forums about the subject. I even told him I want to do a house hack property when my lease at my apartment is up.

He lives in California and has a Turn Key property he rents out in San Antonio. He told me he didn't really do any research before he bought it. He has a woman he pays $60 a month to collect the rent and check on the property and he knows a contractor in the area that does his repairs. He said he is basically making about $350 a month from it.

He wants me to combine our savings together and go into a property here in Salt Lake City. He likes the idea of a multi family property, we can rent out the rooms and when my lease is up, I could live there.

My brother wants to do this right away and he doesnt think that I need to keep on reading books and such...that I just need to do it. Since he is currently doing it, he said he could answer all the questions that I have on it.

I am wary because I dont think he and I have the same goals in mind. I want to do my research ahead of time and fully understand what I am investing in. I think he thinks this is just a way to make some side income.

Do you guys think I should invest with him?