HelloI currently hold 4 properties outright in an LLC partnership that I formed last year with another investor.

I would suggest you have a tight partnership agreement in place including a buy out clause that defines what happens if one partner wants out before you sell the property. 

Are they giving you cash with a mortgage on the property and you are the borrower or are you talking about wanting them to get a loan and be in partnership with you??  

We have not evaluated partnerships, or private/hard financing, just wanted to know if there was anything other than that.thanks for your support!

I'm also interested partnerships.

He very well might turn out to be a great business partner, but partnerships are hard, even if you have everything clearly spelled out.  

If it can be classified as a partnership for US tax purposes, then I think I will be able to deduct the Costa Rican taxes (taken as foreign tax paid) against my individual US income tax. 

I'm currently experiencing a situation in where I've paid to setup an LLC, generated a business plan and even took days off work to make sure this joint venture is setup correctly.The issue is my prospective partner has had bad partnerships in the past and now his mother in law, who is a retired mortgage loan officer, has a heavy influence on his decision making which impedes our progress.

Example ours is a 3 way partnership, we each have a debit card tied to our checking account.

Hi everyone, Our LLC owns a single-family property in Southern California which was purchased for all cash a few years ago. We have had great tenants in the property since March. We want to refinance this property and...