Business Structure for Multifamily Syndication

[Caleb Smith]

I'm looking to move into multifamily syndication and wanted to see what type of business structure I would need in order to raise money for deals.

I know there is a lot that goes into that and I have been speaking to a securities attorney about how to proceed with legal documents for investors.

But basically, I wanted to see if this can be started as an LLC or if it needs to be some sort of corporation.

I appreciate any advice and feedback!

[Brock Mogensen]

LLC will likely be what you use. Generally, there is an LLC that owns the property and investors are buying shares in that LLC. I wouldn't worry about setting up that LLC until you get a deal under contract. Because legal docs for the offering don't kick off until you have the deal identified either way.