Financing Multi Family Deal with Partners

[Dennis Kolsch]

Hey everyone, I have a question about financing a 23 unit apartment with 4 people (one being my partner). There's other questions and concerns about how solid the deal is and whether my partner and I should move forward, assuming it looks good. But for now, I'm trying to understand a bit about financing with other partners. My question at this stage: how does financing work with two other investors and my partner and I? Does one person typically pull financing for the deal and other partners contribute cash for reserves/downpayment ect? Or do we form an LLC for the deal and split the financing somehow? At this point, let's assume our offer would be 600k and we'd prefer to split everything in thirds. Thanks ahead of time for any insight. Denny