I want to start a legitimate fund that will allow me and my friends and family to put money together and invest it in real estate. How can i set that up. I want it to be on paper so noone has to worry about loosing their money.
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#1 by oragon_m on October 3rd, 2009
Set up a LLC corporation, this is a limited liability corporation.
Contact your accountant regarding this is a very good way to start your real estate investment, and setting up can be done on-line and very affordable
#2 by exactduk on October 3rd, 2009
I would consult with a real estate lawyer & see if he/she can help you.
Having said that, I would never mix family, friends & investing. This sounds like a big headach, if not a disaster in the making.