The acquisition could help Darden diversify its portfolio and tap into the young demographic that increasingly favors Mexican cuisine.

six months later, he closed on a property without it ever hitting the market.

A completely paid off property purchased at a 6-7 cap, and appreciating at 3% per year long-term is a 9-10% return with very little tax.

If no one within the group has experience buying real estate, I would suggest you each buy a property on your own and then have a discussion of forming a partnership in 2-3 years.If you already have experience within the group, I would suggest all the friends get together over coffee and brainstorm all your concerns.

I used Rent to Retirement to purchase a new short-term rental property out of state, managed by the seller’s agent, Lacey Dickinson.

My business partner and I went into contract on a 4 family property in Framingham, MA.

One for 6 of my properties and the second card for the 7th property that is held in a partnership where the finances need to be kept separately.

Finally, I would avoid Property Management Companies. 

Property manager here.

We’ve always had the intention of cash out refinancing into another property once the time was right.