I'm not a tax guy, so check with a pro.It sounds correct about not being able to pretend the partner in the partnership or the partnership itself didn't happen.  

Not only can you not agree before the partnership, something will likely come up during, and it'll destroy the friendship.  

The industry has only functionally been around since about 2014; or about 3 years now.  

I have two main goals of posting today 1) To let folks know that it is possible to successfully invest in higher priced cities with little money out of pocket, and 2) To build relationships so that I can partner with other individuals and acquire properties that perform at or above a 12 percent Cash on Cash return (whether through private lending or a structured partnership).

I don’t know whether to do LLC, partnership or corporation.

You can have an attorney draw up a Partnership contract. everything is negotiable as long as both Partners agree.Check your local REIA (Real Estate Investors Association), other investors will have referrals and more info on this type of thing in your local area.

Anyhow, my potential partners and I have been discussing the idea of acquiring an FHA loan for a local multifamily (one of us living in one unit), but are unsure how we would handle the loan in regards to a potential partnership.

I was wondering if I could get some opinions regarding partnerships with conventional owner occupied loans.

Thanks to everyone in advance. I used to flip home with a partner and we were just based on percentage of how much money we put into the house. I no longer work with him becuase he doesn't want to do it anymore so I h...

Hi everyone, wanted to see if I can get some feedback or advice from experienced folks out there. I'm partnering with my brother and we both have decent paying jobs to qualify for conventional financing. We'd like to ...