I don't have the full cash purchase price on hand, so I'm also wondering if this would make a good partnership opportunity.Thanks all!

We plan to pool the funds in an LLC and then with the pooled funds, buy vacant lots for new construction or properties to flip.I am thinking of putting together a partnership LLC for the initial set of investors. - Is there ways of adding more partners after the LLC is initially formed?

Each property was held in a different LLC, due to partnership mix.  

Someoptions: sole proprietorship, general partnership, limitedpartnership, limited liability company (LLC), limited liabilitypartnership (LLP), small business corporation (S-Corporation), corporation.

Com I'm open to partnership...

Good evening Nick,    funny, I was just thinking about the possibility of a partnership with another local investor, even if it means I get a smaller percentage of profits.  

Here is how the IRS defines self-employment: Generally, you are self-employed if any of the following apply to you.You carry on a trade or business as a sole proprietor or an independent contractor.You are a member of a partnership that carries on a trade or business.You are otherwise in business for yourself (including a part-time business)See following link for more on this: http://www.irs.gov/Businesses/Small-Businesses-&-S...If or when you do qualify for a self-directed solo 401k, the quick answer is yes a SDIRA LLC can be transferred to a self-directed solo 401k.

(One of those 'random networking conversations' actually landed me a potential business partnership - more on that later!)

I love the Florida Market and would look at a potential partnership.

I live on the northshore and I am always open to meeting and discussing deals, strategies, and potential partnerships.