Hi all,My friend and I partnered on a complete rehab on a triplex. The plan was that we were going to go 50/50 on hustle and money (I have the knowledge). This is a fix and hold property. At the end of the day I fina...

If you're newer like you mentioned you wouldnt be able to use self employment or partnership income anyway (min 1-2 years worth of tax returns of financials needed).Local commercial lenders will want you to be able to debt service both loans the borrowed down payment + the subject property's commercial loan as well.

The podcasts touch on building partnerships with other real estate investors.

., IRA custodian, CPA, financial planner).An entity (such as a corporation, partnership, limited liability company, trust or estate) of which 50% or more is owned directly or indirectly or held by a fiduciary or service provider; also a partner which holds 10% of a joint ventur of such entity.

Keep your 6 months sense of velocity on, and also take @Joe Villeneuve point of focus on getting deals not properties, deals can come in many different ways, solo or partnerships that fit your current financial buying power.

We bought it in a partnership.

@Syed AftabBothThe Attorney can help provide guidance on how you can be protected from liabilities.He can help with the formation of the entity.He can also help with partnership agreement or lease agreements or eviction process.Accountants can help with your tax strategies, tax compliance, bookkeeping.Furthermore, he can help provide the attorney on what entity to form from a tax perspective.Good luck!

If it’s not arms length, some of the expenses will be personal non deductible expenses at the partnership level and will flow as such in the K-1s.Also, there are various ways to structure it. 

However, don't "start a conversation" because this isn't necessarily a partnership.

I currently looking for a great analysis tool for partnership investing.