I'm wrapping up my second flip in a year while working my full time job.. the wife stays home now so this started as a hobby to back-fill her income but I'm hooked and would love to make it my full time job in the next 12-24 months.
My question is this.. I have a list of 8-10 friends/family/current co-workers very eager to invest in some of my future projects. What would be my best method of formation?
I'd ideally like to pull together $300-$400K in order to do 2 flips at once and in a 12 month span distribute out net proceeds to investors.
Any advice or experience on what's worked in the past would be greatly appreciated.
My question is this.. I have a list of 8-10 friends/family/current co-workers very eager to invest in some of my future projects. What would be my best method of formation?
I'd ideally like to pull together $300-$400K in order to do 2 flips at once and in a 12 month span distribute out net proceeds to investors.
Any advice or experience on what's worked in the past would be greatly appreciated.