Structuring LLC/Banking with partners

[Jonathan Pizarro]

Hello,

My brothers and I would like to start investing in Real Estate and would like some input on how to go about LLC/banking with them. I do have my own LLC and was wondering if it would be better to create a new LLC for all 3 of us and 1 bank account? Or better to have 3 separate LLCs with separate bank accounts?

All brothers are in 3 different Cities/State and since I am the one making all deals locally (including closing with Title) I am trying to avoid having siblings having to close/sign paperwork (unless its electronic).

Would 1 LLC work and have Title company distribute the capital gains 3-ways?

How would "pooling" the money into my account affect me for taxes? (from personal to business account). Would it be looked as income? Also, once capital gains are distributed, would it be a business expense for me and income for my brothers?

I know I should talk to a CPA and that is the plan. I am just building my knowledge prior.

Any input would be greatly appreciated.

Jonathan P.