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Updated over 6 years ago, 08/08/2018

User Stats

86
Posts
71
Votes
Anthony Fontana
  • Real Estate Agent
  • Atlanta, GA
71
Votes |
86
Posts

Create an LLC for first partnership? Best way to do so

Anthony Fontana
  • Real Estate Agent
  • Atlanta, GA
Posted

I am 23 years old and am looking at buying small multi-family (<4 units) with a silent partner who is a physician by day. He is worried and wants his personal assets protected when investing (he is a high net worth individual).

Does anybody have any suggestions how to structure an LLC for this type of business or deal in Georgia, or anywhere? I personally own one small condo that I am currently house-hacking and had no trouble receiving a loan or financing the property. My partner also has great credit.

Will we run into a lot of issues getting financing if we invest together, underneath an LLC?

Any advice or people to contact would be greatly appreciated!

Thanks in advance.

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