Therefore, it might be helpful to know the LLC's federal income tax status...Generally, contributing and distributing property to a partnership does not have a tax effect.On the other hand, distributing property from a corporate tax entity, either S or C, would be a deemed sale.

As I've recently gotten back into the market actively pursuing deals after some time off to recoup from a couple bad partnerships.

Whether it is a business partnership or youre buying your first single family home it is a must that you get life insurance.

I own over $4 Million worth of properties (all myself, no partnerships), I spend $6K every single month on marketing to find new deals.

Ultimately, we decided to begin with a general partnership for the time being, likely upgrade to an LLC down the road.

I am a CPA with 7 years of experience in which I specialized in real estate partnership taxation.

That's when partnerships sour.

How would you structure the payouts in this partnership?

What I learned so far to get the lowest down payment for non-owner occupied is either a partnership or seller financing.

@Basit Siddiqi If I want to buy a property in partnership...do I have to have an LLC ?