All Forum Posts by: Jeffrey Kpentey

Thank you so much for the reply! Sorry that I am getting back to you so late, but we are slowly learning that we would essentially have to come up with at least 20% for most loans and that it would indeed be tough to get a loan with all of our names on it as a group. We actually recently made 1 LLC with all 6 of us within it and are in the process of finding somewhere to write up some sort of legal documents detail our business venture.

So far we are open to any sort of real estate investing but we want to maybe start off with flipping homes and then work our way to rentals. Also, we are all located in Georgia so we would want to start investing mainly in Georgia.

We are all young adults that either are entering the work force as new graduates or are on our last years of college that are eager and see the importance of owning real estate. As I said in the title we are three couples(not married) and have little capital, so we want to know what would be the best approach on what type of legal work needs to be done and how to get financing in order to make our first deal? Also would fixing and flipping be the best strategy to start with?