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Updated about 5 years ago,
Started Our Company After Investing For Over 4 Years
What's up everyone! First and foremost, Happy Holidays to everyone! Hope everyone had an amazing 2019 and have an even better New Year!
I have a question for everyone. Just trying to figure out the best way to go about this. So my wife and I have been investing in RE since 2015. Since then until now we have been able to grow our portfolio to 9 properties and 22 units. 2 properties are currently under our names, the other 7 are spread out between difference LLCs. As of October we started our company "D-MAG Capital."
As a now full time real estate investor who is always looking for or raising capital for our deals, how do some of you have your companies organized? Is your company the one purchasing the deals? Or are investors/partners investing into your companies where you then use the captial to purchase deals under separate LLCs? Are you companies basically the "operating account" for all the day to day stuff like paying mortgages, expenses, vendors, etc?
For some reason I have a hard time putting what we want to do into words so excuse me if what I'm asking doesn't make sense.
Curious to hear from you guys! Please let me know your thoughts!