All Forum Posts by: Dave Dash

An LLC is a good vehicle for many businesses, it might be applicable to RE, I know it's been done quite a bit.

Consult with a Lawyer to make sure everyone is protected and you are covered for these cases.  You can/should propose that you get the majority if you were the finder.  Or at the very least, you could get a single tie-breaker stock, you don't want to butt-heads.  

Everything else here is spot on.  If you're both bringing in the same things, closer to 50-50 split is fine.  If you're partner(s) are just bringing money, that's not quite everything.

Ideally you want to have a partnership that looks good to you if the roles are reversed.

Also, beware, if your partners outnumber you, that means they have a potentially stronger network than you.  If you trust everyone in this partnership, that's great, but these are all potential wildcards that you can deal with.

Congrats on finding something, I hope it works well for you.

I would also look at nearby states like Oregon and Nevada. While it's not necessary with the right PM to visit your properties it is nice to have that option and I'm more likely to visit a neighboring state than go cross country. 

That said, the bay area is large enough to have a population of Atlantans who might be visiting GA anyway. 

hi. I’d love to connect. I’ve been casually looking for a cash flow multiplex preferably in a market I’m familiar with. 

By part of a team do you mean they are investing with you or just someone you can call upon?  Many GCs are just super busy out here.  Our GC has been doing my personal home and so far we have been happy, but timing has been slowed down since most of his subs are booked out. [not mentioning name since I don’t know if it’s against the rules]. 

Hopefully you can buy and hold.