Hello everyone, first I want to say this site is great and look forward in contributing down the line to continue to great platform.
I am currently working in the mental health field in which I have been able to make great contacts with many people. I have 8 years of experience finding housing for adults who are struggling in finding a place to reside. Throughout my years I have been able to make great lasting relationships with housing vendors, mental health programs and potential investors who are looking to add housing inventory to have a steady stream of resources for their clients or a steady flow of income coming from renting out their houses.
I am hoping to get some direction from experience groomed investors regarding my primary business plan and required actions I would need in setting up a LLC or LP???
I have already established contacts that are willing to invest their money in real estate. In the talks I have had with them knowing and discussing the risk that comes in with any type of investment. I have systemically explained how one can potentially invest their money in real estate, profiting from renting out to a certain population and then selling property to vendors who are willing to continue to run houses as is with the continued cash flow of residents already placed in the house. These vendors are mostly out of the country individuals.
Any advice on how to get started? Thanks for any help.