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Updated almost 6 years ago on . Most recent reply

Molly Plude's profile image
Molly Plude's profile image
Molly Plude
  • Realtor
  • from Jacksonville, FL
  • Member since Feb 25, 2019
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Molly Plude's profile image
Molly Plude's profile image
Molly Plude
  • Realtor
  • from Jacksonville, FL
  • Member since Feb 25, 2019
Connect
Molly Plude
  • Realtor
  • Jacksonville, FL
3
Votes |
39
Posts
General Landlording & Rental Properties

What need to do for having a partner?

Molly Plude
  • Realtor
  • Jacksonville, FL
Posted

Hello BP family!! My friend and I want to start an investment together. What do we need to do as far as legality. I heard so many bad things when it comes to money and friendship. We want to laid everything out in writing before we start so there will be no mixed understanding. Do we need to get LLC or lawyer to write out a contract? Thanks in an advance!!

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Steve Hall's profile image
Steve Hall's profile image
Steve Hall
  • Rental Property Investor
  • from Texas
  • Member since Mar 24, 2019
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Steve Hall's profile image
Steve Hall's profile image
Steve Hall
  • Rental Property Investor
  • from Texas
  • Member since Mar 24, 2019
Connect
Steve Hall
  • Rental Property Investor
  • Texas
363
Votes |
303
Posts
Steve Hall
  • Rental Property Investor
  • Texas
Replied

Yes to an LLC, yes to a lawyer, yes to a CPA, and yes to high risk of losing your friend. Is it really worth it?

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