Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Best way to structure a partnership in rental properties
Myself, Father, and Brother in law want to to begin buying rental properties and possibly a few fix and flips. We want to use as much of the banks money as possible. What is the best way to do this? All 3 of us need to be on the mortgage with a conventional loan? Use a hard money lender and our own money for the rehab and then refi in our names? Can the property be held by an LLC that all 3 of us are memebers of? So many questions. Any help is appreciated
Quote from @Nathan Gormley:
There's too much to explain in a single post. You should schedule a sit-down with a lender where all three of you can ask questions and hear the same answers. Then sit down with an attorney and talk about structuring your partnership.