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Updated over 11 years ago on . Most recent reply

User Stats

168
Posts
78
Votes
Elizabeth S.
  • Real Estate Investor
  • Fort Wayne, IN
78
Votes |
168
Posts

Advice structuring a partnership

Elizabeth S.
  • Real Estate Investor
  • Fort Wayne, IN
Posted

I'm looking at a property and don't have the cash right now to make it happen. My dad is interested in loaning me all the money in order to create a partnership and then I only pay him back half of it and we split the profits.

I have a real estate attorney who is very experienced in all the details of how to structure this but want to make sure I think of all the angles before I go to her.

What types of things should I be concerned about? I own my properties as an LLC, will it be at risk because of dual ownership? Will taxes become crazy to file? Any feedback would be great!

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