Can two married couples purchase a property together as tenants in common, or are there restrictions regarding the amount of individuals that can enter into this kind of agreement? Our plan was to purchase the proper...

@Jerome Jewell I would make sure that you have structured a really good partnership with your brother before structuring a deal.

Hello BP I hope you are all having a good day.Myself and two others recently discussed forming a 3 way partnership to start investing in real estate properties. 

-Is there such thing as a short term partnerships?

You should structure your partnership with your friends through a RE attorney who can protect your interests and have it written down as a legal document.

This type of partnership is a totally new type of beast for me, so what questions should I be asking?

Willing to wait and see where the market goes but frustrated for loosing time idling.I will probably get a turnkey as my first rental just to get my feet wet slowing.Good lucky and let me know if you see any good opportunity or if you have some sort of partnership in mind.Mauricio

As interest rates decrease, this is likely not to happen.But what if interest rates jump to 8%+, they may have an incentive to get rid of the 4% interest they gave you.Regarding LLC's with 4 partners - be mindful that you need to file a partnership return.Partnership returns are due March 15(Calendar year partnership).The partnership will give each partner a K-1 which is then used to file their own tax return.Another thing to be mindful of is if you will get the asset protection you are looking for if the property is in the LLC but loans are in the partner names.

Is this for a partnership? 

Given our goal is to maintain our partnership and profit together as we take on more projects, any insight on our approach or direction to get started would be great.