Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

28
Posts
13
Votes
Katie Lyon
Pro Member
  • Investor
13
Votes |
28
Posts

Partnership Logistics for New Property

Katie Lyon
Pro Member
  • Investor
Posted

We are closing on a property in FL this week that will be used as an investment property (rental). I have a few family members who will be passively investing. 

We will close the property in our name, and then transfer it to an LLC. Here's where I'm a bit stuck:

• Do we need to form an official partnership outside of the LLC, or is the LLC itself sufficient?
• Does the LLC/partnership need to be formed within FL where the property is, or can it be the state where I live? 

This is my first time doing a property with outside investors so I'm unsure of structure!

Loading replies...