u/backdoortom

Hi - looking for some basic advice.

A group of 3-5 people will be pitching in a variable amount of money to a a few real estate investments.

person 1 $50K

2- $75K

3- $125K

Investment 1 $100K 3-5 year timeline

2 - $100K 7 year timeline

3 $100K 10 year timeline

We will create an LLC, hire an accountant to handle the disbursements/K1, and a lawyer to draft the operating agreement.

Question I have...

How do you deal with exiting? Let's say someone wants to get out in 6 years, and 2 of the 3 investments haven't fully paid out yet, but there has been some disbursements etc. What kind of language is in the operating agreement?

Thanks

Hi

Can anyone please tell me what the LMS advisory fee is right now?

Thanks