Real Estate Partner Experience

[Ian Bollinger]

Anyone have any experience purchasing investment properties with a partner? Things I am considering with a 50/50 split: 

- LLC creation before or after purchase? Due on clause risk shouldn't be any different than transitioning my own personal property to my LLC but could be a factor

- Purchase property 50/50 as "second home", then rent out? 

We'd ideally like to go after STR/LTR properties and if it goes well grow the portfolio over the next few years. Would like to year some experiences focusing on the purchasing and LLC legalities.