If you like working with each other, continue the partnership.

I would like to create my own hard money lending company, or enter into an already established partnership where they are focused on the customer and where growth in lending is put as a top priority.

Whether income is in an S corp, LLC, Partnership ect doesn't change the type.

Partnerships are precious because of the way we can all help each other and grow stronger at the same time.Regarding the financial side of things, something that is revolutionizing my business practices and I wish I would have done a decade earlier is this:  Profit First. 

I want to keep it businesslike and fair so he never feels like I’m taking advantage.I want to be the sole owner to avoid any pitfalls of a partnership so I can sell or more likely keep and continue renting out after my son graduates.

Absolutely no mixing of personal funds for this partnership.

You may have entered into a partnership which means you will receive a Schedule K-1 from the fund.

If it was someone I knew better, I might agree to a partnership, with an exit date and how we would exit the partnership and get them up and running. 

They have owned it for 40 years and have a limited partnership.

Hello all. 
Im a newbie to wholesaling with the goal of fix n flips and rentals. Recently i put myself out there to partner up with an experienced fix n flip investor on contributing gap funding towards rehab costs t...