This means that next year the joint venture will file a Form 1065 and issue K-1s to both you and your brother if there are items of income, deduction or credit from the venture. 

We would also like this venture to provide us the opportunity to retire early, LIVE a financially free life and travel the world.

Unlike offerings registered with the SEC in which certain information is required to be disclosed, companies and private funds, such as a hedge fund or venture capital fund, engaging in these exempt offerings do not have to make prescribed disclosures to accredited investors.

See what it takes to own and rent 1 in your own backyard before venturing out into other markets.

good advice if you don't travel often or want to free up your time to focus on other business ventures. if you want to promote yourself out of the mailroom, then look at local STR management companies. 

The options here for multi-families in my price range are limited, but I believe I can make this work if I find a good enough deal.I'm nervous, but excited about this new venture.

Where my brother and I are partnering in this venture, it makes me nervous that it will end up being a restricted transaction.

One property every 2 years, buy and holdStrategies I'm interested in: BRRRR, House Hacking, Long Distance RE investing (because the Utah market is insane)Hobbies: Surfing, flowboarding, travel, art, recycling, DIY, creative problem solving, snowboarding, being outside - basically I'm a hippie with an entrepreneurial mind___________________________________________________________________________________________________________This is not my first introduction to real estate.

Nope but ez enf - nothing ventured nothing gained.

That's the natural sweet spot for SFR in our area for the small DIY investor, where the biggest gains can be made for modest investments.