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Updated almost 9 years ago on . Most recent reply

User Stats

252
Posts
131
Votes
Allen Fletcher
  • Investor
  • Colorado Springs, CO
131
Votes |
252
Posts

What Do I Need to Ask a Lawyer?

Allen Fletcher
  • Investor
  • Colorado Springs, CO
Posted

I am active duty military and thus move very often. Due to this I have decided to go into real estate using a partner that is located where I want to invest and does not plan to move within the next 10 years. I have found a partner and we are trying to work out the agreements and legal documents that will allow us to invest without legal issues. Here are a few of the highlights from our partnership structure:

1) Business is an LLC with a differentiation between partners and investors written in

2) Plan is for my partner to run operations and I will run the financing side of the business

3) We are looking primarily to fix-and-flip, but we are open to buy-and-hold if we find a good deal

Does anyone have any pointers on what I should bring up in our meeting with our lawyer?

Regards,

Allen

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