Real Estate Syndication, Partners, and What to do about Capital

[Matthew Irish-Jones]

Hi,

My name is Matt, I have been involved with Real Estate investing for 6 years. I am a 25% owner of a LLC with over $1,000,000 worth of property. I also own my own double in the city of Buffalo that I will be doing a 1031 Exchange on this summer and moving into 8-10 other properties in an up an coming party of town.

I have several friends and family members with no Real Estate investing experience that want to invest with me.  I am not sure what the best way to do this is.  I have been looking up rules and regulations on starting a Real Estate syndicate.  I am not sure what the best course of action is, I am also considering starting a separate LLC and taking on a partner for that specific LLC.  However, since I have multiple people interested I would like to find a way to have them invest in my business, so I am not starting separate LLC's for every deal with every investor.  

Any advice on how to handle friends and family that want to invest their money with me or my business would be appreciated.