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Updated over 3 years ago on . Most recent reply presented by

Justin Hroch's profile image
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Justin Hroch
  • Real Estate Agent
  • from Austin, TX
  • Member since Oct 28, 2018
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Justin Hroch's profile image
Justin Hroch's profile image
Justin Hroch
  • Real Estate Agent
  • from Austin, TX
  • Member since Oct 28, 2018
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Justin Hroch
  • Real Estate Agent
  • Austin, TX
5
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8
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Tax, SDIRAs & Cost Segregation

How best to Structure Partnerships

Justin Hroch
  • Real Estate Agent
  • Austin, TX
Posted

I am buying small multi-family properties. Currently I have a 4-plex and a duplex with one partner (Partner A) and I am under contract with another duplex but plan to buy it with a different partner. (Partner B) 

The two properties bought with Partner A are in an LLC and my intentions were to start another LLC with Partner B. I am great at finding deals and bringing along other partners to help fund them.

My question is do I have to start a new LLC with each partner or is there an easier way to structure this? My fear is having 15 different LLCs!

Any advice would be appreciated!

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Michael Ablan
  • Real Estate Broker
  • from Watertown, NY
  • Member since May 26, 2016
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Michael Ablan
  • Real Estate Broker
  • from Watertown, NY
  • Member since May 26, 2016
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Michael Ablan
  • Real Estate Broker
  • Watertown, NY
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Michael Ablan
  • Real Estate Broker
  • Watertown, NY
Replied

@Justin Hroch  - Your time would be better spent consulting with an attorney on this one

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