Just be aware of the eventuality of the band breaking up someday.
A band I was in back in 1991 decided to invest in a mixing board, lights, a sound tech, a new keyboard, a Mac and a whole bunch of new equipment including buying a recording studio.

Things went great for about 8 months until everybody got discouraged cause we couldn't get gigs.

One night we blew up and got into a big argument and spent the next week deciding who owned what equipment. We sat down for 3 days doing paperwork to decide who got what.

It was pretty scary for a while until we worked it out on paper and basically walked away with what we contributed. Althought it was kinda scary for awhile cause we jointly owned a recording studio and had to decide what to do with it.

Get everything in writing and notorized by a lawyer.