I used to have a "Real" job and contributed to my 401k as much as I could. 

.- 3 members (2 in New York City and 1 in Boston, MA)- LLC will only be used to invest in one property- Member will put equal initial capital contributions with cash- Provisions for additional capital contributions- Provisions for LLC to borrow money from existing members or other persons/entities- Provisions on bringing on other types of investors (non-controlling)- Net profit and loss distributed as per capital contribution (pro-rata)- provisions for situations if any member wants to leave or dissolution- provisions for legal or tax issues- Provisions for disagreements. - What happens if a member or two want to sell the property?

Thanks for the contribution @Kerry Baird.I found that article that explains about them: https://en.wikipedia.org/wiki/Fergus_and_Judith_Wi...But, yes, I think that the UK it's a better place to do Buy to Let strategies than Spain.

This has definitely helped contribute to my credit score. 

mid=1LXkb5P2IeZkv6FFTKV2P9Z5hBOA&hl=en_US&ll=41.81022839193879%2C-87.68563448292417&z=11 Here is a contribution I found.

Not all investment properties fall into the same category of management needs and requirements, A 96 unit portfolio with an average property valuation of $21,000 is nowhere near the standard RE portfolio of properties, this is a portfolio that falls into the specialized property sector and will require a specialized REI skillset to succeed in this sector.There are a few questions for the owner that may help mitigate your risk depending on his answers.1) How much time is he contributing to the business?

However, upon learning that a 401k can be used for real estate investments the appeal of 401k contributions is greatly enhanced, to many.Another factor to consider, which is not emphasized by tax preparers, is the potential to make Roth 401k contributions.

As long as both partners are clear about what they are bringing to the deal and how their contributions are to be valued, then it should be fine.

I guess that's where I need to save the extra cash flow I'm estimating for myself and make sure the numbers work to where if I save that and combine it with the equity that's paid down I could contribute enough to buy the partner out of their original investment?

They have a very low post count, and contribute very little to the forum besides commenting on posts where someone is looking for an agent.I have written a blog post that may help you sort through the agents in your area.