All Forum Posts by: Tabetha Sibley-Tyner

1.Was your structure, to form a limited liability partnership, create a LLC that the partnership owns and closes a property with? Each time a new property secured a new LLC is formed owned by the partnership?

2. We have to register our partnerships with the state and wondering if there was another alternative

We can form our own llc here in Florida.  We have one that is willing to do an agreement for about $1500 but was  wanting to compare verbiage and see what looks or sounds good.  

Anyone?

I have a real estate investor that wants to be a silent partner with me. He wants to put up the money and I will handle all of the rehab, listing it(I am real estate broker), etc.  My question is how do I structure this between the two of us so that way we both protected? Second question is does anyone have an example of an agreement that we would sign that would outline our split, costs, etc? Thanks for your help.