Hello everyone!I'm working on partnering with someone on a repositioning deal in Memphis, TN and we both live in Portland, OR so neither of us would be necessarily boots on the ground.He would be the main funding sour...

If you are creating a partnership, the Partnership Agreement or Operating Agreement defining each partners obligations and benefits is very important.

Its pretty straight forward by the regs, form partnership or corp, hold % funds in OZ, file at your tax return, its a self election.Key issues are the agreements with investors, compliance requirements, and of course the real estate investment itself!

Best to start off knowing everything is set up right if you're going to enter into a partnership.

- You will have to file partnership return (1065).

Do what you can to build a strong personal partnership with them as they can make or break your business and investment.

I want to start off wholesaling but in the end think partnerships are the way to go in the future.

We own multiple hotels with multiple partnership structures.

Hi BiggerPockets friends,Does anyone have any direct experience investing in Mobile Home Parks through one of Jefferson Lilly's Limited Partnerships?

I would check out local meet ups in order to find mentor/partnership with someone.