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Updated almost 2 years ago,
How to structure a partnership
Hello,
I am trying to figure out how to structure a partnership with a LP. For context, I do not own any rental properties or have an LLC. I am looking to buy 5 properties in 2023 with some of my own capital, but most of it from a partner. How do I go about structuring this partnership to make it legal and a legitimate business?
Background info: I underwrite nearly 100 properties a day at an institutional SFR firm that went from 0 to 1000+ units from March of 2022-present. Buying all over the US so I am confident in the ability to source and find deals. Capital is the only missing component as I cannot scale as fast as I would like to.
Thanks and I hope you have a great day if you read this!
Rob