Do you want to allow for additional partners, what happens when a partner wants out, how do you plan to value expertise as opposed to cash brought into the partnership.

Hi,Sorting out some pieces here and I think we've been staring at this too long so your fresh insights would go a long way.Took title to property in personal name and now doing some tax planning, estate planning, asset protection and privacy.I'm greatly oversimplifying that survey says use trusts to hold props, llcs as beneficiary and maybe other entity to control/manage.Where it gets especially hairy is single v. multi-member, member-managed v. manager managed (and professional manager), partnership v passthrough to 1040, avoidance of self-employment tax, and preserving passive income status (if it's not offset by valid expenses) to name a few.Then there's the issue of collecting rents and paying mortgage.

You may find some great mentoring and partnerships on this site as well.

First, I think many people do this in the form of partnerships and joint ventures.Second, RE isn't really the same as stocks.

Basically though if your flipping homes you have ordinary income though an it will be subject to self employment tax if you are a sole prop or partnership and most LLCs.

A partnership could be profitable, but I personally don't like partnerships.

In an ideal partnership, everyone brings something unique to the table.

I passed on a partnership recently for similar reasons.

Hi, a partner might be a good thing, make sure you can act individually inside the comapny as well as together and have a meeting of the minds that every deal you find doesn't have to go to a partnership situation, same for him.Investing includes alot of walking and talking, being an appraiser already sets you apart.

., and have any kind of relationship with that entity (e.g. affiliate, partnership, employee, owner), you MUST disclose this in your post.