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Updated about 8 years ago on . Most recent reply
Whats the best way 2 partner w/ a friend in real estate investing
My friend an I have some money we want to invest in real estate. What is the best way to legally partner on the deals? we are both married with children and are bring equal investing funds to the table. Should we LLC, LLP or just use our personal names for the deals?
Most Popular Reply
You'll want to consult local legal counsel on this. There are a few ways to go.
LLP would be one.
Each of you form an LLC and have the LLCs partner up would be another.
JV (Joint Venture) would be another, but may also need the LLC layer to make sure everyone is better protected.
Again, consult an attorney on this. You don't want to mess this up.