It could be a partnership that passes income through to the LLC.

Ravi Veer,UBIT is a tough topic to handle; some might consider joint venture partnerships.

hi BPi have a quick question:i have a couple llc for my units, but they are owned by myself only. and taxed through our personal tax.I'm working on a scenario now.if i go into partnership with my sibling (NY) in a LLC how is the tax sturctured. assuming 50/50.would 50% go through my personal tax and 50% go through my siblings?

Liese Lemaire,Just to warn you that California has a franchise tax of $800 that you will incur for EACH LLC that operates there.There is nothing wrong with using a family trust; however, you might want to consider a Family limited partnership(FLiP).

I'd consider other aspects, flip partnerships, lending through brokerages, etc.Otherwise, I'd say the sunbelt, in major areas not rural properties.

Hard money loans, note buys, investing in Reit's, triple net leasing although with 60k to 90k you are looking at forming a partnership to be able to buy something to pool money.Sounds like maybe Will and TDI investing for the flips might be a route to explore for you.

If it's a multi-member LLC, the schedule has a different name, as it gets attached to the partnership return (forgot the schedule number, 4797 or something like that).

Anyone out there have insights into a fee (or other incentive stucture) that would be reasonable to charge to a partnership for personally guaranteeing a loan on a property being purchased by the partnership?

It will taxed as a partnership.

I have a friend/colleague that is looking into the same thing in Southern California, and if we are successful in this, will lead into a partnership making various buy & hold real estate investments.