Im am new to real estate investing and I am trying to figure out how me and my partner will set up the partneship(split up potnetial profits…decision making etc)what is the best way to go about doing this?
thankyou
<<Im am new to real estate investing and I am trying to figure out how me and my partner will set up the partneship(split up potnetial profits…decision making etc)what is the best way to go about doing this? >>
The best way? Formally and in writing so that later, down the road, there’ s no “But you said…”.
Others can give you more specifics as to which entity is best for this (LLC, Limited Partnership, etc.)…for this I would try to find “johnmichael” (he’s one of the Moderators and is very approachable, knowledgeable, and helpful!) in the “Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges” forum…
Keith