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Updated over 12 years ago,
Looking to invest in Commercial RE. Financing?
Hi so I've been investing/managing several small residential units for about 10 years.
I have a family member who is willing to put in $300K cash for investing in a commercial RE property- most likely a multi family in Southern California- Los Angeles area.
I was wondering how much of a loan we could get with this $300K down, very good credit above 800K.
Also I was wondering if I could partner with him with an S Corp or LLP. We were thinking of 80% for him and 20% for me. I wasn't sure if I would do an LLP
What should I do? Anyone recommend a book or resource for multi-family investing where I am the manager/ partial owner and I partner with someone who has more cash.
I could also possibly pull some cash out of my residential properties for this.
Also any recommendations on areas within the Los Angeles area to invest?
Thank you