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Updated over 4 years ago,
Raising Money as a Single Check
We're currently raising money for a couple apartment complexes in Virginia but are quickly noticing that having each investor wire their money separately to the operator creates a lot of work for us to connect everyone.
I would like to just hand over a single check to the operator. What are the steps that we have to take to make this a reality?
Is this as simple as creating a new LLC (holds all of the investor's money) that will invest into the apartment LLC?