Family Member Wants to Invest

[Liz Rogers]

Hey BP!

A family member has decided they want to invest some money in our real estate business to help it grow and to also (hopefully!) get some returns. We have an LLC set up and really want to start growing the business this year. She has come to us with the desire to invest a monthly amount that can used towards purchasing new assets or improving ones we have so we can increase rents. Does anyone have any experience with this? Does she need to be a member of our LLC? What kind of tax benefits/negatives are in it for both sides?

Thank you guys!

Liz