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Updated over 9 years ago on . Most recent reply

User Stats

455
Posts
182
Votes
Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
182
Votes |
455
Posts

Legal Advisor for Partnerships

Austin Hughes
  • Rental Property Investor
  • Lubbock, TX
Posted

I have been advised (in Brandon's book) to seek legal and tax advice before undertaking a partnership with friends. I need advice on what structure would be most beneficial for my real estate investing business. Also, should I form a separate entity for each partnership I do? How do I need to plan out my taxes after a flip to make sure everything is covered?

If you're a law practitioner or an accountant who's experienced with REI's, please contact me!

What I am really expecting is that some of my fellow BP'ers will give me some recommendations on where to go for this advice. I am in the Houston area, but I do have the internet. Haha.

Thanks, hope to get some good advice!

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