Welcome to BP-> Attend your local REIA club meet-ups-> Maybe form a local partnership with other California investorsGood luck with your real estate investing.

Regarding partnerships my mentor has given me some advice.

@Ali Boone I just posted a question on the forum asking for guidance on the strategy you describe here: http://www.biggerpockets.com/forums/49/topics/2056...Would love some of your insight into how best to structure this kind of finance partnership - it sounds like it is also really relevant for @Bruce Faulk based on this topic.

My husband and I plan on teaming up to conduct our REI business. Any advice, thoughts, stories about married couples going into REI together?

You will find great opportunities for partnerships and connections on this site as well as many educational items.

I am starting a partnership with a friend where he found the deal and will do the work, while I put up all the money.

I am starting a partnership with a friend where he found the deal and will do the work, while I put up all the money.

You can keep the same LLC unless you feel that the partnership with you and the new members will be conducting significantly different business than the purpose for which you set up the original LLC.If you wish me to prepare the remaining corporate documents such as partnership/operating agreement, minutes of the board or any other corporate documents, I can prepare those for you and I price them based on the type of partnership/corporation you are forming.

If everything is in a partnership, SMLLC or S-Corp everything is passed through to the owners with the same character.

Joe, This is a terrific technique. .Have you experience refinance concerns in this strategy when properties are under LLC partnerships?