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Hi All

thank you for your comments/suggestions!

i just want to say that although im aware of the risk involved with going into business with friends, we must not eliminate the possiblity that this might work.

we've been reading and researching for quite some time now and it seems i've come across a lot of information regarding real estate investing, but nothing too detailed. (basically buy at wholesale price and rent it out at a price you will get positive cash flow monthly)

we've even gone into reading about how to form an LLC and all the tax implications that goes into real estate investing if we choose to go that route.

can anyone suggestion a book/website i should read?
also, can someone outline the steps that you took with regards to your own experience?

again thanks for all the comments/suggestions! looking forward to hearing more.

Im a new investor looking to get into REI. I have 3 buddies that are all willing to work together as partners and we need some guidances as to where/how to get started.

we basically know exactly what we're looking to get into:

We looking to invest in real estate for the long term. Buy properties to hold for rental. I have some questions regarding what we should do about the partnership and also what are our best options.

can someone outline the steps we will need to take in order to make this successful?

how can we form this partnership so that all profits are split evenly amoung us 4?

Should we form a LLC first before we start looking for properties?

is there a one stop company that can help with setting up the LLC, finding properties at discount prices, and helping purchase a property, or do we need to get a group of different professional to assist with this?

can someone provide some useful information or point me in the right direction?

Basically we are all newbies, and hoping to get some good advice and guidance from experienced investors.

Thanks for any advice you can give!