My second option for my 1st investment deal is through a partnership.

While they may request an assignment of rents as a means to guarantee they receive their repayment, they typically want only repayment of principal and interest.If the investor's offer is more of a short-term partnership - i.e. they provide the purchase capital  - and perhaps some rehab funding - then when you refinance or sell, you pay them out (principal, plus interest / profit percentage).  

I am mostly interested in buy and hold rental properties and I am looking forward to building partnerships with Real Estate Agents, Property Managers, Lenders, Contractors, and Wholesalers in Alabama, Indiana, Missouri and Texas. 

(I am in the ‘pre investment’ education mode right now, not yet ready to pull the trigger on it...that’s another post🙂)Thank you!! 

A partnership can be anything you want it to be.

You cannot just "change" to disregarded entity or partnership from S Corp without going through a corporate liquidation.Agree with the previous post that you should work with a tax professional. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Looks like a good deal I would pull the trigger on this, just have one suggestion and one question.

Thank goodness I waited until we moved to Texas before I pulled the trigger.

Hello,I have a partnership 50/50 with someone and had a few questions:1) Since both of our names are on mortgage & title, does this count towards each of our 10 Fannie Mae / Freddie Mac loans?

I've talked about partnerships on here before, so I will link it here so it can provide more clarity.