Hos should I structure an Real Estate Investment Group
I have a few friends that are interested in purchasing Real Estate together. We are all having a problem putting together the funds to complete our next deal by ourselves, so we are planning on buying together. Two of the guys have never invested in Real Estate but will like to invest there funds. The vision is to become a large company in NJ and throughout the country.
Is this a good idea to invest as a group? I'm used to doing this by myself but my funds are currently limited.
Can someone give me suggestions on how we should structure these deals?
What type of deals should we go after single family/ multi/ commercial?
Will we be able to get a traditional loan from a traditional bank? Chase, Wells Fargo and etc.? If not what is our option?
How many people is too many?