Ask Marco - How Do I Partner with a Friend to Invest Together? | PREI 285
Passive Real Estate Investing
Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.
4.6 • 968 Ratings
🗓️ 2 September 2020
⏱️ 8 minutes
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| 0:00.0 | Welcome to passive real estate investing, the show where busy people like you |
| 0:05.0 | learn how to build substantial passive income while creating wealth for the long term. |
| 0:09.5 | And now here's your host, Marco Santorelli's. |
| 0:13.2 | Welcome to passive real estate investing |
| 0:15.0 | and another episode of Ask Marco |
| 0:16.6 | where I answer your investing questions. |
| 0:18.9 | Today's question comes from Kayla, |
| 0:20.8 | and Kayla says, hi Marko, I'm Kayla, I'm a huge fan of your podcast. I've listened to all |
| 0:25.8 | the episodes so far, can't wait for the next ones to drop this week. And I have learned so much. Here's my question. My best friend and I are both interested in real estate. |
| 0:37.0 | We have similar wealth, long-term and investment goals and are considering going at this as a team. |
| 0:42.0 | Our thinking is that we can combine resources. and are considering going at this as a team. |
| 0:42.6 | Our thinking is that we can combine resources such as capital to purchase our first few |
| 0:47.1 | properties and accelerate our success. |
| 0:49.6 | We are fully aware that doing this without a plan could get messy so we're hoping to gain some |
| 0:54.9 | knowledge from you about how to educate and position ourselves for success here. |
| 0:58.6 | For example, should we set up a business entity and find separate attorneys to represent us? |
| 1:04.3 | How can we start to think about splitting profit? |
| 1:08.8 | What legal factors should we consider? |
| 1:11.1 | I realize this is a broad question that requires a specific |
| 1:14.0 | understanding of our unique situations, but what we're really looking for is a |
| 1:18.6 | starting point for us to gain more knowledge that will help us ultimately make the decision about |
| 1:23.7 | whether or not doing this as a team would work for us. We only want to go about it |
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