BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago, 05/01/2022
Newbie- BRRRR deal with multiple partners?
I want to get started in real estate investing using the BRRRR strategy. I don't have a lot of capital (around $15k) so I am thinking about putting together a group of 4-6 like minded individuals to contribute both capital (around $75k-100k total) and effort (the work needed to make it happen) to execute a BRRRR.
1) Any thoughts on the way I'm going about this? (Pros, cons, and potential challenges with executing parts of the BRRR)
2) If this is a viable option, would the way to execute this be to create an llc with each investor as a member with equal equity?
I appreciate any advice that you may be able to offer!