Hi
Hope I am posting in the right place…
We know the pitfalls about friends (2 of us) investing together but we still think we can make it work!!
We have a property in mind that has great rental potential (beach vacations) and want to invest in it together to minimize the risk to either of us. We will each put our share of the down payment but then need a loan for the rest. What form of partnership/venture etc is the easiest and quickest (afraid we’ll lose the property if we delay) way to establish everything in place so we can apply for a loan. Someone said LLC- others say Joint venture…and some say trusts. I am confused.
I would like advice from you experts and helpful links if possible.
The best advice is not from a real estate investor but from an attorney that you guys should hire. Most partnerships I see are in a LLC.
Hello APR
Gastest may be a TIC agreement… Here is mine…
www.michaelquarles.com/TIC_Agreement.doc
Happy hunting
Michael
Thanks Michael,
Thats a start…I am assuming this is put in place after the property is purchased, But to actually get the loan together usch that it does not affect our personal financials, what would be the avenue?
Any loan you qualify for traditionally affect your finances…
You can buy Sub2