Co-owning a property with sibling and continuing without

[Patrice Ward]

Hello all,

My sister and I inherited a duplex in Bermuda with excellent long term tenants and at this time wish to keep it this way. I currently reside in the US and desire to further my REI career here.

This is the only property my sister and I own together and I do not wish to include her in my future endeavors ( no animosity, it's just not her desired field nor will she fit with me in business). We do not have an LLC on the property in Bermuda and at this time it doesn't appear to be an cost effective strategy to have one through a Bermuda based firm without multiple properties- although I haven't ruled it out entirely. The duplex cashflows really well for that area.

*I am aware that a detailed official discussion will still need to be had with an attorney I just wanted to get a general consensus to see if people have gone through similar experiences.*

Many thanks for your time and suggestions.