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Updated almost 8 years ago,

User Stats

284
Posts
137
Votes
Pat Jackson
Pro Member
  • Rental Property Investor
  • Reno, NV
137
Votes |
284
Posts

Resources for new partners

Pat Jackson
Pro Member
  • Rental Property Investor
  • Reno, NV
Posted

I'm 33 and hope to buy my first investment home (multifamily unit) with a college friend.  The market we're looking at is out of state for both of us.  We're looking at each providing 50% of the necessary funds upfront, and managing the property jointly.   We are intending to buy for the long term, and for cash flow.

Right now we're leaning towards a LLC, but that's not set in stone. Information on market research, assembling a team, managing a home from afar, etc is fairly easy to find and digest. I haven't been able to find as much on setting up a partnership. Instead of answering a question directly, can anyone point me towards resources on setting up some sort of partnership agreement. Podcasts would be particularly useful. Thanks a bunch.

  • Pat Jackson
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