Case Study for Newbies:Re posting because I posted in the wrong place here is a case study of a partnership exit strategy Two people going into a partnership.

I am open to working out the details and specifics of the partnership. 

You can't design a roof to function without gutters all the water from the roof will fall right below the roof line and cause flooding plain and simple.

Check the search function as this has been discussed in the past.

Everyday we have people on BP asking questions related to soliciting money for deals, joint venture partnerships, etc.

The second is that there are a lot of soft costs that should be tracked, even if you are performing the function yourself for 'free': Financing cost, marketing, sales, overhead and of course profit.

One more reason to set up a partnership.

Here is a short list of IRS approved investments:Rental property, flipping real estate, pre-foreclosures, forecloisures, REO's, mortagages, loans, businesses, limited partnerships, franchises, notes, raw land (must be all cash, no debt financing is allowed on raw land), residential real estate, commercial real estate, lease options, LLC's, international real estate, multifamily units, tax liens and deeds, vacation properties (as long as you dont use them), private and public stock, mutual funds, hedge funds, and the list goes on . . . .

LLC's may or may not qualify for an exception to the FIRPTA withholding requirements depending on whether they are taxed as a corporation, a partnership or a disregarded entity.

If we entered this partnership he would most likely have to personally co-sign.