Buying & Selling Real Estate
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 about 4 years ago,
Partnering on a property / LLC?
Hello - My friend just bought a duplex to be a rental property where he had to put $60K down as a down payment. He said if I pay him $30K I can be in on the deal and we can split it 50/50. I have a few concerns and was wondering if I could get some help -
1. How can we set this up so that we both get the tax benefits of the real estate despite him being the only one on the loan and title?
2. Is there a way to transfer the house to an LLC at this point?
3. What are the biggest items we need to discuss before going into this partnership?