Can you create a real estate investment club similar to an investment club, where you pool money to buy prop?

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Can you create a real estate investment club similar to an investment club, where you pool money to buy prop?

2007-05-10 15:36:12 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing

4 answers

Yes you can - Im currently in a few - talk to your CPA and set up an LLC.

Have Fun

2007-05-11 11:55:39 · answer #1 · answered by Mench 2 · 0⤊ 0⤋

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.

2007-05-10 15:50:56 · answer #2 · answered by bob shark 7 · 1⤊ 0⤋

Sounds like an LLC or sub s corporation is in your future

2007-05-10 15:41:54 · answer #3 · answered by RayM 4 · 0⤊ 0⤋

sounds like it would be very complicated if you are buying a property and 50 people each own a share.

2007-05-10 23:44:16 · answer #4 · answered by njyogibear 7 · 0⤊ 0⤋