Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago, 10/24/2021
Sample LLC Operating Agreement for 3 friends investing in Florida
Hi - I know this has been asked before but I couldn't find exactly what I am looking for so I am posting again. Me and 2 of my friends started a LLC through Incfile in Florida. Our goal is to invest through Roofstock for the first property in Florida with all cash and no mortgage.
Now, we are definitely going to get a real estate attorney's help, but I wanted to prepare ahead and think of all possible scenarios to be included in the agreement so we can have a productive and comprehensive discussion.
So on that note, does anyone have any examples of operating agreements in Florida? Below is more context:
- We all have full time jobs and in our early 30's
- 2 of us live in New York City and 1 lives in Boston, if that matters
- All of us are planning to do equal investment and buy the property in all cash
- Our strategy for the first property is to go for cash flow
- We are only going to buy one property under this LLC.
This is a late evening cry for help after a long day at work so apologies if I am missing any crucial detail.
Thanks so much.