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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Dallas, TX
44
Votes |
155
Posts

First Single Family Partnership

Account Closed
  • Rental Property Investor
  • Dallas, TX
Posted

Hello,

I am looking to partner on a piece of property and I have a few questions, and I am sure many more to come:

LLC:

1. Where do I go to create an LLC?

2. If said "partner" is actually husband and wife and my girlfriend is also in the deal, are all four names in the LLC? I assume so.

3. Will we receive any tax depreciation with the LLC through this single family property?

Operating Agreement:

1. Are there examples of operating agreements?

2. How detailed is this document?

3. Does this need to go through a lawyer?

Is there anything else that you think I should be aware of?

Thanks,

Nick

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