Private Lending From Family Members

[Matthew Gardner]

Hello BP,

I have been investing in RE for about 2.5 years now. I am running out of liquid cash to keep the ball rolling. Some family members have expressed interest in investing as well. If they want to essentially become the Private Lenders for our projects. We are wondering, what is the best way to set up the organization? Do they set up an LLC and business bank account, and everything is handled through there?

Appreciate the insight/experience people may have in this area!

- Matt