All Forum Posts by: Jay Black

I have a friend who also wants to invest in real estate, but doesn’t have the time, so they said that they would be willing to finance the down payment and rehab costs. He doesn’t want to own long term, just wants a good return on the money, and I want to build a portfolio of single family houses. What would be the best way to structure this? Should we both be on the mortgage until we can do a cash out refinance? Or should it just be me, and then he would take a second position? Any other good way to do it? Thanks

Thanks everybody for your responses and input. I really appreciate it. 

I am just starting out in investing. I have been reading in the forums and trying to figure out where to start for a couple years now. I have finally started taking some action. I got a list of some potential properties where I might be able to find some deals and sent out direct mail today. 

I am now wondering if I should have set up a business (LLC?) before I started actively searching for properties? I know that there will be differences of opinion in what the right way to go about wholesaling, but I would like to know if it is absolutely necessary, or can I wholesale as an individual, not as a business?