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Updated about 8 years ago,

User Stats

65
Posts
11
Votes
Charlie Gruber
  • Rental Property Investor
  • Golden, Co
11
Votes |
65
Posts

Seeking advise on partnership for buy and hold

Charlie Gruber
  • Rental Property Investor
  • Golden, Co
Posted

Seeking advise on partnership for buy and hold.  General idea is 50/50 partner in initial investment and 50/50 cashflow and appreciation.  I'm looking to create partnership agreement and any advise/suggestions appreciated.  Not sure it matters but looking to invest in Denver area.  Below are a few question I'm thinking about:


- I assume best to hold title on property in a LLC and we both 50% beneficiary of LLC?
- Is an LLC best vehicle for this or is a different business structure better?
- Are we both on the mortgage? 
- If both on mortgage does that count against each of our 4 "preferred" Fannie/Freddie loans?
- How handle when only one person wants to sell?  Could one person simply sell beneficiary rights in LLC?


Any other suggestions appreciated.  Thanks!

-Charlie

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