Beginner question

[Michael Dombrowski]

Hello,

Not sure if this belongs in this section in this forum, but here goes a shot. A few buddies and I have been inquiring with banks about how to obtain money to form an LLC to buy and hold properties long term.

How can we do this? I know that going into business with friends usually ends bad, but can anyone share their experiences with me? Good and bad are welcome. The reason why I am remotely interested in going in and forming a business and risk friendship is because I believe these guys have the same desire to invest. My background is in finance and accounting. I am currently a staff accountant who is learning every day on how to run on a budget and build cash flow within a small successful restaurant in the milwaukee area.. My partners(which would be two to three partners; four including me) are in the trades. They have sheet metal, electrical, and plumbing experience. All are handy at carpentry. I dont see why this couldn't work as long as all details about how income will be split and how expenses will be split.

Does anyone have suggestions as to how we would collect money and split it? Form an LLC bank account and just pay out at the end of the year or could we do it monthly as long as we are cash flow positive after bills?

How can we obtain this type of lending? Private lenders? Does anyone know of one in Milwaukee?