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Updated over 11 years ago on . Most recent reply

Michael BaradellPoster
Property Manager
Pro Member
- Property Manager
- New Orleans, La
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Advice on creating partnership.
What's up BP!! I am in the beginning stages of setting up a real estate investing company. It will consists of 3 equal partners and our model starting out will be to flip 4 properties this upcoming year and once we build enough capital, we will convert to a buy and hold model with flips thrown in when they are too good to pass up. We are already working on one together, but we do not have a structured LLC set up as of yet. ( I know, I know). We are all in agreement on how we will structure the company and we are meeting with an accountant and attorney soon to do so. If anyone has any advice on starting a partnership or building a company, please comment.
- Michael Baradell