The info on the Forms K-1 is then transferred to the Individual 1040 tax returns of the partners.Are you truly in a partnership requiring a partnership tax return?

Get him to sign an authorization form allowing me to get all his mortgage details directly from the lender.2.

Do you all have any suggestions on how I can add value as an individual very new to Real estate investing?

You can do direct mail, or you can spend a ton of time looking up individual properties, some people also use Facebook ads.

I have learn that my area is full of unreliable individuals, so I have opted to find GCs in the near cities rather than where I live.

Should we just open two separate LLC's with trusts that we own individually?

Should we just open two individual trust owned LLC's.

The asset manager is compensated in the form of a salary or fee.E.g. 4 people can split the profits evenly but only 1 person will have managerial authority to authorize purchases and/or operate the properties. 

Hey everyone, There are various ways to analyze a specific property and there are ways to individualize different elements of Market and Neighborhood data. 

Hi AdamI am a local from Adelaide and also find the BiggerPockets podcasts and forums full of great information.There are a number of factors to take into account when considering a trust or company in Australia, like Lindsay said, it will depend on your personal situation, tax position and the individual investment.