I just purchased a home for my family that we plan on living in and in my wife's mind, dying in, lol.So I'm thinking about trying to do a flip and use partnerships with friends and family to get started.I have a family member that has bad credit but has some cash and skills to being to the table and he is in the same town.

We will fund 100% if the deal and pay finders fees or for experienced rehabbers do a JV Partnership.

If partnership if something that might be of interest to you feel free to contact me as I am sure that my experience as a tenant that knows the area well and many friends that are current tenants in more than 10 houses off campus could be of value. 

Would i be able to move this property off of my personal taxes into a partnership FORM 1065?

But I can't remember what triggers the need for a hearing.

Valerie King if you get a mortgage in your name to finance a property, you also risk triggering the due on sale clause if you attempt to transfer the title to an LLC.

I am currently stationed at Andrews AFB and close to pulling the trigger on my first multifamily deal.

How would we structure the partnership so that it is fair to all parties since we will only potentially have 3 units rented out instead of all 4?

@David Marsceau I'm getting both a personal and a partnership Real Estate business off the ground as we speak.

I am in a very similar situation to what you were in 1 year ago and very interested to see if you pulled the trigger, bought a property and how it went?!