BRRRR with a friend: LLC or no?

[Joe Bourguignon]

So, I have a friend (the Money) who I want to start investing with in BRRRR SFH deals. I'm wondering what the upsides and downsides of forming an LLC together for investing are? Also, does anybody have investing partner contracts / paperwork? I'd like to see what other people are doing contract-wise so that I can come up with one that makes sense for us. Thanks so much in advance!

-joe

[Ted Strzelecki]

Best advice you can get on this is: Make a very transparent list of goals and rules. Both of you sign it and date it. Your rules and goals are going to be personal to your needs. Just being honest with each other and upfront will go further than anything else. I have a LLC partner in RE that is a long time friend. It can work really well. Good luck