FORMING PARTNERSHIPS TO BUY REALESTATE
Hello! As RE grows I'm wanting to do joint venture deals with friends and other like minded investors, can anyone list a structure or "book" that can be helpful on how to buy RE with other people involved. Ex. I have a friend who has seen me purchase RE and wants to team up on the next multifamily buy and hold purchase, he willing to put up about 70-100k, how should we structure the contract, do we both need individual LLCs or form a joint LLC, how do commercial lawyers play a part etc. Any books personal thoughts or experiences would be helpful.
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I just got done reading Raising Private Capital by Matt Faircloth. I have the same interests as you to look into structuring OPM. I would suggest you read it to get a better understanding on private equity and different types of loans to help you.