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Updated over 5 years ago on . Most recent reply

Andy Cav's profile image
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Andy Cav
  • from Austin, TX
  • Member since Jun 30, 2018
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Andy Cav
  • from Austin, TX
  • Member since Jun 30, 2018
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Andy Cav
  • Austin, TX
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Multi-Family and Apartment Investing

Partnering with Friends to Invest in Multifamily

Andy Cav
  • Austin, TX
Posted
Trying to put an investment team together to buy multifamily units and open up free cash flow. Currently 3 of us are capable of putting between 30-50k down but wonder if it is enough to get an amount of units that would get us into positive cash flow. Also since this is between friends I imagine the LLC would be essential to draw out the plans that everyone agrees to. Any advice or ideas would be greatly welcomed.
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Sam Grooms
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  • from Phoenix, Arizona
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Sam Grooms
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Sam Grooms
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  • Phoenix, AZ
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Sam Grooms
  • Investor
  • Phoenix, AZ
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Make sure you give everyone roles. If anyone is completely passive, it becomes a security, and you'll need to have a PPM drawn up. 

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