Partnerships are great!

Hello all! I'm a real estate agent who is interested in retiring through real estate investing. I just found a partner who has the money to go along with my knowledge and hustle. We agreed on terms and style of homes ...

Hi, I co-own an LLC with another family member and have been filing IRS 1065 Partnership return and then distribute K-1's to individual owners. 

Maybe do a partnership, where you find the deals and handle the operation, and let your partner be the loan guarantor and provide equity.

There is no difference tax wise setting up a multi member LLC, you just have an additional return to file for the partnership. 

In other words, how many of the people in you telephone directory can you call and propose a partnership?

But most importantly, are they able to lend to a US limited partnership where the GP/LP are canadians/canadian entities.Feel free to refer me to anyone who might be able to answer those questions!

I’d recommend finding some deals, running the numbers and presenting them to investors in your area as a partnership opportunity.

These are all 5+ families that after the refi would cash flow between $200 and $300 a door.To answer your question - I like an LLC or general partnership for it's flexibility.

As I’m sure has been mentioned many times steady, partnership with a seasoned investor may be a great way for you to mitigate risk, get the exposure to multifamily, and still accomplish your goals.