Land Purchase Question | Type of Partnership and Professionals?

[Juan Esquivel]

Hello fellow BP members!

Today I come to you all with a question about partnerships, professionals and advice.

Short Story: My brother and brother in law want to buy farm/hunting land here in Texas. Half an hr from home.
Short Question: What type of partnership should they use? What type of lawyer or CPA should I contact to help advise them in this situation?

Long Story:

Before I was into real estate investing; my brother, brother in law and I wanted to go in 1/3 on land/farm land. We never really took it serious as far as looking and inquiring, but we were all into the idea of owning a small ranch or at least some farmland. We had looked at some land south of Dallas, but never got a good deal or callbacks on any of the properties we were interested in. Fast forward to a week ago; my brother in law finds land within half an hr to where his home is.

He had brought up land before in the past, but this time he was serious. He texted me and asked me to call him to discuss his ideas. We talked, my brother and brother in law decided they wanted to make a move on a piece of land that they had found with in thirty minutes from their home. They knew that I had recently started working on my buy and hold investments so they told me that it was okay if I did not want to go in on it with them, but they still wanted me to help them with the phone calls and inquires.

Side note: All three of us are from Mexico so Spanish is our first language; I happen to be the better of the three at speaking English and I do not have a problem making cold phone calls or talking over the phone. Not only that, but they know I've been studying real estate so they figure I am the better of the three in negotiating; even though I have not made a real deal up to this point.

I gave a real estate agent a call to make an appointment to go see two properties that were next to each other and both were listed for sale. One of the properties was already under contract by the time I try to set an appointment, but I managed to get an appointment set to go view the other property on Sat. 5/28/16.

Now this is where you guys come in. There is a very good chance that my brother in law and my brother will want to buy the land after we go walk it down and see it in person this Sat. I assume a LLC type partnership is best for them, but I honestly do not know. I would like to contact a lawyer to advise us on what the best course of action is, but I do not know what kind of lawyer to contact. Should I also contact a CPA? I want to know who of the two will have to report it on their taxes and pay the property taxes on it. I would prefer an even split, but this is why I would rather contact an attorney and set an appointment to get some sort of legal guidance. Whom do you guys think I should contact?

I am using this as a way of helping my family, but at the same time getting experience in real estate. While I currently do not plan to buy land in the future, I figured it would be a great learning experience for me. Thank you all for taking the time to read this and helping me out!