Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Goals, Business Plans & Entities
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 over 4 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Kevin White
0
Votes |
1
Posts

How to set up a family entity for buy and hold properties

Kevin White
Posted

Me, my brother, and my parents are looking to invest in real estate as a group. This would be everyone's first investment property. We're hoping to build a large portfolio of buy and hold single family rentals. 

The plan is for each party to contribute equal amounts to the investments, with ownership being split three ways. We're mainly concerned about the tax efficiency of distributing rental income, and the implications of my brother and I eventually inheriting or selling the properties.

What sort of structure is best for this? Or maybe the better question - what sort of attorney should we be looking to speak with?

We're open to all sorts of arrangements, just don't want things to get too complex since we're new to this. 

Appreciate any help! 

Loading replies...