BP talks about partnerships and hard money lenders etc.

As far as setting up the llc, one issue banks have with 50/50 partnerships is that if one person has less than stellar personal financials, issues with cash control may arise.

As far as partnerships "TRUST" is the biggest thing.

partnerships with travel agents, bars, and so on.We have a visit anchorage website and that's feeds the furnished rentals.

I work in 6 diffrent states soon to be 7 texas included if I can get this idea up and running with a few well placed partnerships the deal flow for flipp, hold and wholesale will increase ten-fold.

That's something not a lot of people would have the gumption to tackle, since 80 units is a healthy-sized property to take on.It'd be instructive for all of us to hear more details on how you found the deal, how you structured your partnership and any other details you'd like to share, if you're so inclined.Best of luck in the future!

This arrangement would be structured as a partnership.

Their safety as to their liability is a concern to you as 1. they won't stick their neck out for you and 2. if they are representing you their insurance is a source of protection that can cove or limit your liability.You as an investor, non-licensee or as an agent really need to run to an attorney before devising some ongoing partnership arrangement, it's not a DIY thing to do. :)

Lastly, regardless of what form of partnership we put in place I want to make sure that down the road we wont be hit with a reassessment for the property taxes, since that's a huge benefit to buying and holding in CA.If anyone has any experience in forming this type of partnership in CA any feedback would be greatly appreciated.

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