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Updated over 3 years ago on . Most recent reply

Nathan Kapusta's profile image
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Nathan Kapusta
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Nathan Kapusta's profile image
Nathan Kapusta's profile image
Nathan Kapusta
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Nathan Kapusta
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Starting Out

Best way to do a partnership?

Nathan Kapusta
Posted

Hello all,

I am looking into buying an investment property with one of my friends, and I feel that it is necessary to get everything on paper, just in case. What is the best way to do a partnership for a small real estate deal? LLC? Corp? Standalone contract? Any and all advice is much appreciated!

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Charles Carillo
  • Rental Property Investor
  • from North Palm Beach, FL
  • Member since Apr 8, 2018
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Charles Carillo's profile image
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Charles Carillo
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  • from North Palm Beach, FL
  • Member since Apr 8, 2018
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
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@Nathan Kapusta

I would suggest speaking to an attorney and have them draft the LLC to take into consideration each of your roles etc. The problem is that if this is a small, one-time deal, the cost might be prohibitive.

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