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Updated almost 8 years ago on . Most recent reply

Matt B.'s profile image
Matt B.'s profile image
Matt B.
  • from Greenville, South Carolina
  • Member since Nov 14, 2013
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Matt B.'s profile image
Matt B.'s profile image
Matt B.
  • from Greenville, South Carolina
  • Member since Nov 14, 2013
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Matt B.
  • Greenville, SC
16
Votes |
81
Posts
Buying & Selling Real Estate

The best way to form a partnership?

Matt B.
  • Greenville, SC
Posted
If myself and a friend want to go in 50/50 on a property, what is the best way to go about this? Draft and operating agreement and go from there? Or should a trust be formed? Thx!
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Aaron T.'s profile image
Aaron T.'s profile image
Aaron T.
  • Developer
  • from Aguada, PR
  • Member since May 14, 2014
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Aaron T.'s profile image
Aaron T.'s profile image
Aaron T.
  • Developer
  • from Aguada, PR
  • Member since May 14, 2014
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Aaron T.
  • Developer
  • Aguada, PR
272
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901
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Aaron T.
  • Developer
  • Aguada, PR
Replied

An operating agreement should be in place. Most lenders will want to see it. Other than that, an LLC will work fine.

  • Aaron T.
    • 1 Vote
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