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
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
Partnership Agreement / Operating Agreement
Hello, I am a new investor preparing to make my first purchase with a capital partner. We are looking out of state as we are not yet able to breach our high-cost local market here in California. We need to generate a partnership agreement and I have the following questions:
1. Should the partnership agreement be notarized in our local state, or in the state in which we plan to invest?
2. We plan to invest under an LLC, so does the partnership agreement apply to all future investments made under our LLC? Or is it for each individual investment?
3. Finally, can anyone recommend a good attorney to draft said agreement?
Thanks in advance.