Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

24
Posts
6
Votes
Caroling Lee
  • Austin, TX
6
Votes |
24
Posts

Real Estate Attorney with 1031 Exchange & Partnership experience

Caroling Lee
  • Austin, TX
Posted

Hi BP!

Getting a crash course in real estate investing and 1031 Exchange and I'm finding that I need a Real Estate Attorney - stat! I'm partnering with my brother and sis-in-law (50/50) and we are about 2 weeks out from closing on a land sale. Currently, we are in a partnership with our 2 cousins, but that will be dissolved as soon as the sale is complete.

Since we have to identify a replacement property within 45 days, we've decided to join forces and purchase the next investment(s) together. 

Is there someone that this community would recommend who could help with establishing a business entity (be it a partnership, LLC or something else I'm not aware of) so that we can buy and sell real estate investments in a smart and careful way? I am assuming that we'll want to acquire more properties down the line and will likely utilize 1031 Exchange again.

Ideally, we would want to start working with someone pretty soon as we also need to identify property quickly, get pre-qualified with a lender and hopefully, close on a property in the next 2 months or so.

I'm assuming we want to have our partnership details established before doing all that.

All suggestions and advice welcome for this newbie!

Thank you in advance!

Caroling

Loading replies...