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Updated over 4 years ago,
Real estate lawyer or who is best?
I'm trying to figure out how to structure a 3-way partnership where we each are equity partners. We are all out of state investors. The goal would be to lower the barrier of entry so we can acquire property after property. Rather than 1 property every year or two myself, we could purchase several in the beginning and scale rapidly within a few years. Is a real estate lawyer the best to consult for this type of question? If so, do I need to consult a real estate lawyer in the state I plan to invest in or any state? Do we need to form an LCC and transfer funds into some kind of escrow account that will disperse on properties we decide? I feel like I'm stair up a mountain right now and don't know which is the right path forward. Any advice is appreciated.