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Updated over 3 years ago,
How to do a partnership right?
I am new to RE investing. Read through several of the BP books (and will continue to read), been blazing through BP podcasts and webinars.
I want to start with the Brrr method and am planning to partner on a deal with 3 of my brothers so that we can do a cash offer.
How should we go about doing this? Do we need a certain type of contract? LLC? Do we need an attorney to draft something?
I know you have to be so careful and we won’t this to be something that comes between us. We are all very close and have very similar values so I not over worried about it but want to be proactive and intentional. Any advice is appreciated.
Thanks!