Lawyer Advice Needed: Partnership LLC

[Christopher Chen]

Hi Everyone,

I'm partnering up with a friend (@Thien Tran) to go in on some commercial real estate deals. We were thinking of forming an LLC for our deals but wasn't sure if that was the right path. We also weren't sure how banks would view that if this was a brand new LLC and we wanted to get financing for our deals.

Does anyone else have experience with this or any lawyers out there who have some advice when it comes to this stuff?

If we were gonna do a cash deal we were thinking that we could both cosign the deal and put in half half with some sort of partnership agreement, then sign our halves over to the LLC and so there would be some sort of history with our LLC when it came time to refinance the property.

Does that make sense or are we missing something?

Thanks,
Chris