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Updated over 6 years ago,
Have you bought investment properties with business partners(s)?
Say you found a really good deal, and you are starting out or have many years experience in investing in rental properties via self management or using the management companies. Pretty much in any scenrios.
Would you ever buy rental properties (multiple units that cost few millions) with business partner(s)? Business partner(s) can be friends/family members/spouse if you keep things as seperate properties/or through other connections?
I'm just picturing a scenrio where you have 200-700k and your potential business parter have 200-700k for down payment for 2-15 million+ multi unit properties. Is that feasible? Would it be good to make it as a living trust or under corporation to have enough for expenses and distribute rental income?
OR never do that and just keep it small until I can purchase it on my own?