Hi all. My 1st post on this board, and I hope this is a welcomed question.
First off, I am 21 years old in Atlanta, GA. I work with my father at a Land Development company, I manage various rental properties, I do land planning, and I do a long list of other stuff from permiting to web design to taking the trash out every once in a while. :D
Now for the question, after I blabbed out some most likely usless background information.
My friend (long time friend) and I are thinking of buying our first piece of "investment" property. We plan to make this prop. a rental piece. I have planned on just making a LLC with us two as the owners and buying the property under the LLC. All loans, improvments, rental fees will be directed to the LLC. Today I got a call that makes me question if thats the right thing to do. I have gotten my fathers "executive summary opinion" (if you will). Basically I was hoping for a little input on if making a LLC for my partner and I is the best route, or is there a better alternative?
