I am an Associate Broker and I have been approached by my Broker which owns the independent Brokerage in purchasing the business.

The 10-Unit complex would be a commercial business, so the simple answer is to purchase and operate in an LLC.

I've been in real estate development a long time, and most of the folks I know doing it either grew up in the business, or most of them know it from working for a larger builder, i.e. as a project manager, forward planner, acquisitions, and eventually went out on their own. 

Keep this ***** growing, you'll stay busy and you'll own some of the best stuff you can in that monetary range.

In July of 2023 I went at it again, this time my dive was into growing my RE agent business.

My wife and I are Realtors and have completed two fix and flips and are about to start on our third.We have an investor and his wife who want to fund a fix and flip as silent partners and split the profits from the project while my wife and I will provide the sweat equity.Our investor and his wife have a new LLC that they intend to run their real estate investments through, and my wife and I have an LLC that we run our real estate business through.We have never done a partnership deal like this and have a few questions:1.  

If anybody out here, has any advice or resources for building, credit personally, and for your business specifically, I’d so appreciate it.Give thanks!

Plan to be busy next year.

All of that *can* be a tough recipe for a DSCR loan at max LTV (75-80% LTV).We even had one major national private lender bail completely on their 5-9 Unit Multifamily product as of this week.

You must run this as a completely seperate business.