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Updated over 1 year ago,
Partnership Structure (Ohio)
Hey all,
First time poster. Just got started with a single family home and have a signed lease agreement starting in July.
I'm starting my real estate adventure with 1 partner. He put in $60k for a down payment and I took out a mortgage for $240k. He has 20%, I have 80%.
If our plan moving forward is to rent, refinance, buy more properties, how would you set up a partnership like this? Should we form an LLC, or is an LLP easier?
Thanks!!