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Updated almost 5 years ago on . Most recent reply
Starting an investment team of friends
Good afternoon,
My question is of the legal side protecting myself and two other friends who would like to invest together. We have all came to conclusion that we would like to buy a rental property together. I am currently a rental owner and would like to protect my assets and family. I have never invested with others.
My question is do we start an LLC together and then go to a bank? Or do we go to a bank together, get preapproved and sign the lease over to an LLC later?
Any recommendations on this topic or starting a real estate group like this?
Most Popular Reply
@Jared Lomker
Worst idea ever. Never mix business with personal relationships
- Chris Seveney
7e investments
16 Reviews
5.0 stars