Also, I am interested in possibly forming partnerships with other investors in acquiring Multi-Family units with the goal of turning out decent cash flows.

I’m also in a couple of REITs, and a partnership that owns a SFH in a ski resort area of Canada.

Hi BP Community,Just want to see if there is anyone that is actively investing in buying limited partnership interest in real estate.How are you turning those share in to profits?

@Ed Rickettsthe LLC that owns the property is considered a partnership and must file partnership return yearly.

It is also what has prevented us from pulling the trigger in Texas, more specifically Kingville/Corpus Christi.

In some states even carrying a legal gun to go to a rental where you are trying to evict can trigger huge fines etc.

What you want to do is form a partnership with your investors.

While we have a general agreement sketched out for how we want this partnership to operating (voting rights, out clauses, etc), I was wondering if anyone here has any resources (sites, books, etc) that might be helpful for us to make sure all of our bases are covered.

So true @Jay Hinrichs - after real estate investing the past twenty years - doing commercial, residential, land development, SFR and multifamily rentals - and especially flipping distressed properties (by buying at the auctions - site unseen sometimes - or forming "partnerships" on the court house steps) - you and I have seen about everything!

This triggers a number of factors to consider: you, your spouse, and any of your ascending or descending family members (and descending family member's spouses) cannot make any personal use of the property and are also prohibited from doing any repairs and maintenance on the property.