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Can you create a real estate investment club similar to an investment club, where you pool money to buy prop? |
Can you create a real estate investment club similar to an investment club, where you pool money to buy prop? Yes you can - Im currently in a few - talk to your CPA and set up an LLC. Sounds like an LLC or sub s corporation is in your future Of course, If you can get like minded people together, you can form a club to invest in anything. Just make sure that there is provision for buying people out if they want out and have things drawn up by a business lawyer and signed by all. sounds like it would be very complicated if you are buying a property and 50 people each own a share. |
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