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Updated about 12 years ago on . Most recent reply

Roselynn Lewis's profile image
Roselynn Lewis's profile image
Roselynn Lewis
  • Real Estate Investor
  • from Alexandria, Virginia
  • Member since Sep 15, 2012
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Roselynn Lewis's profile image
Roselynn Lewis's profile image
Roselynn Lewis
  • Real Estate Investor
  • from Alexandria, Virginia
  • Member since Sep 15, 2012
Connect
Roselynn Lewis
  • Real Estate Investor
  • Alexandria, VA
2
Votes |
45
Posts
General Real Estate Investing

Setting up a Partnership

Roselynn Lewis
  • Real Estate Investor
  • Alexandria, VA
Posted

So, if I am going to be setting up a partnership to purchase a small apartment. My plan is to create an LLC just for the partnership. Any thoughts on setting up partnerships and what to look out for? How does it work with the free cash flow after all expenses are handled and funds have been set aside for emergencies? Is there a standard way to handle this? Are funds disbursed monthly or periodically or just as agreed?

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