All Forum Posts by: Luke Boongird

Thank you very much everyone for your input. I will involve the real estate attorney that I know and will come back to let everyone know how it goes. @Linda King, I'm also looking into creating LLC as well. Obviously, being outside of the states makes things complicated. Let me do more home work on that topic. Thanks again. Luke

Dear all,

Sorry for a long question but I'm new here with only one single family home rental under my belt. Here is the situation. I'm living outside the US at the moment for an expatriate assignment. My friends (a couple) living in Houston where I used to live are interested in buying an investment property. I'm thinking about partner with them to invest more of my money in to the real estate. Now, with limited experiences, I'm reaching out for ones who can share with me.

1) How is the loan structure should be set up? I heard that tenant in common is the best way to go but is there any other options.

2) My mother-in-law, who lived in Asia, is also interested in putting in some of her money in to the deal. Right now, I'm thinking about putting her money in my name but afraid tax implication will be a nightmare. Does anyone have similar experience to set up such arrangement? Would i need a lawyer for this or an experience Realtor would be enough?

Any suggestion is very welcome.

Lukenum