Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

311
Posts
104
Votes
Yasmine Bisumber
  • Realtor/Investor
  • Ft Lauderdale/ Miami Florida
104
Votes |
311
Posts

Pooling together other peoples money, where to start!!

Yasmine Bisumber
  • Realtor/Investor
  • Ft Lauderdale/ Miami Florida
Posted

I’d like to hear from syndicators or other investors who have pooled together other peoples money. 

In searching for and talking to partners for my own investments I realized that my circle is larger than I thought it was. I now see an opportunity to pool money together from several people and start to purchase multiple homes at once, however I am not sure how to properly structure this business.

I wouldn’t be buying large apartment complexes like a syndicator (I'd need much more experience to handle large deals lie that) but I think the basics still apply. My goal is to make sure I fully understand how to structure what I am trying to accomplish. 

My questions are:

  1. How did you structure your business (S Corp, LLC, Limited Partnership)?
  2. How did you determine the price point for your purchases?
  3. Did you first locate the deal then build your team of investors or did you get each person to agree then start shopping for deals?
  4. What role does each investor play in your business?
  5. Do you have one account everyones money is held in or do you hold separate accounts?

My background is in project management and real estate sales. I’ve accumulated quite a bit of knowledge over the years and am beginning to create opportunities for myself and now, others.

** Any good books, podcast or blog posts on similar topics that I can read? Please send me the information**

Most Popular Reply

User Stats

2,325
Posts
911
Votes
Antoine Martel
  • Rental Property Investor
  • Miami, FL
911
Votes |
2,325
Posts
Antoine Martel
  • Rental Property Investor
  • Miami, FL
Replied

1. LLC

2. Depends on how much cash you think you can raise from your investors and your personal cash available.

3. I look for money and then look for deals. I show them examples of what some deals will look like and what the returns we are looking for and then get them to say that they have "$X' available to invest. Then I go and lock up a deal and pitch it to the investors. 

4. They are silent. You are running the whole show.

5. One account.

Loading replies...