Structuring a Deal with multiple investors

[James Fraundorf]

Hello! My brothers and I (4 of us total) want to invest in a rental property. We want to all pitch in money for the 20 percent down payment.  How would you suggest we structure it?  Thank you!

[Kenneth Garrett]

@James Fraundorf

I've done it with an LLC where each member is awarded shares. Someone needs to be the manager. You'll need an operating agreement as well. I have also used a JV Agreement. Hire a lawyer to draft the docs. You want to protect everyone even if it's family.