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Updated about 4 years ago,

Anthony Vargas's profile image
Anthony Vargas's profile image
Anthony Vargas
  • from Minneapolis, MN
  • Member since Sep 23, 2019
Connect

User Stats

29
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10
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Anthony Vargas's profile image
Anthony Vargas's profile image
Anthony Vargas
  • from Minneapolis, MN
  • Member since Sep 23, 2019
Connect
Anthony Vargas
  • Minneapolis, MN
10
Votes |
29
Posts
Starting Out

Partnership - Form an LLC?

Anthony Vargas
  • Minneapolis, MN
Posted

Hello BiggerPockets!

My business partner and I are finally ready to get started in real estate investing through the BRRRR method here in Minneapolis. A realtor friend recommended that we form an LLC for our partnership. Is this common practice for partnerships? What disadvantages, if any, are there to doing this? What should we be considering before following through?

I know there are issues with lending to LLCs, but can't we get around this by transferring the properties from our names to the LLC?

Thank you I’m advance!

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