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Updated over 5 years ago,
BRRRR and Limited Partnerships
Hello everyone,
I've been in the game for about 3 years now and my primary business model is BRRRR. I have a very common milestone, I believe, which is to generate enough passive income to leave my W2 job. About two years ago, I sensed that I needed more education and context on real estate and I began reading books and listening to podcasts (none of the titles would surprise you I'm sure).
I'm at an interesting point in my journey where I have a few LLCs that are General Partnerships (all partners contribute to the day-to-day management of the business) and I would like to open a new LLC which would have a Limited Partnership structure (where the Limited Partners would just invest money while others would be General Partners).
For whatever reason, I can't seem to find the topic of partnerships in real estate being discussed at any significant length in anything I've read or listened to - even in the podcasts (although, I must admit, I haven't listened to all of them). I'm really looking for guidance at the intersection of Limited Partnerships and the BRRRR strategy.
-TIA
Igor