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Updated over 3 years ago on . Most recent reply
Using HELOC for Real estate Investing
Hey BP!
A Family member and I want to partner up and invest in a rental property
He offered to use his home equity and some Cash.
He will be the investor and I will take care everything else.
We live in the NYC Tri-state area
I've been doing alot of research in the Tri-state market, learning all the terminology and analyzing deals(still alot more to learn)
My goal is to have a real estate portfolio and have multiple properties in different states
What should be our next steps?
How should a partnership be structured?
Do we need a LLC?
Thank you in advance!
Most Popular Reply
@Jimmy Bermeo, welcome to the BP community!