You can do this by going to Chamber events or networking events (Comm RE agents) to get to know the leaders in your community.Arrange a partnership where you go as a "entity" to a strip mall owner (who is motivated to sell - check out Loopnet, etc).

This is a tax advantage in some partnerships because you can shift income.

If it is not already in an entity, a lender on a commercial property will probably allow such a transfer and having the LLC kiss the note.Then after that is arranged, sell an interest in the LLC which will provide a tenants in common arrangement as a partnership owner.

But - partnerships are hard work too.

This issue will eventually spill over into your partnership and may cause huge problems down the road potentially undoing alot of value.Since your doing sub2 deals, it will not be just you and your brother at risk.

Property bought for cash, held jointly in partnership between father and daughter.

.), a C-Corp, or one of numerous types of partnerships, you will create different tax implications for yourself.In addition you can't use things such as the 1031 exchange (also not recognized by C.R.A.) unless you are structured properly.If you need any help feel free to contact me and I can put you in touch with various people that can help you to be strategic in your investing.Mike Wolfhttp://MikeWolfMastery.com403-399-3464 Calgary702-812-9695 U.S.888-265-0662 Toll Free

If your an owner in the LLC you will have a partnership interest that would include your original basis and adjustments that are made each year.

My wife will not be keeping either of the two rental properties and I need to make sure our 50/50 partnership is dissolved.

You would have to use Tenants in Common (TIC) for this not a partnership agreement or name.