I would also recommend finding good partners that you can team up with to make additional profit, the key is to make money while you sleep and partnerships can provide that.I invest using Lease Assignments to make immediate cash and I invest with partners using sandwich lease options to build a monthly income and a future income.Stay safe and prosper.

We are considering setting up a LLP. and basically get additional acquisition capital this way from outside investors( these will mostly be friends and family of myself and my partner) We plan to put at least 10% of our own companies capital into the deals and will mange the general partnership ( as well as managing the properties and tenants) I have seen it where some people will pay a fixed rate of return but I do not think this is possible on MF 3/4 units maybe if you were talking about larger apartment complexes.

Later, in subsection E2, Disqualified person is defined as, among other things, a corporation, partnership, etc where the plan owner holds 50% or more of the company.So.........couldn't I form a separate property management company with an outside party partner where he owns 51% and I own 49% of the property management company and hire that entity to do the property management?

Has anyone had any success with forming partnerships, where one partner would supply all the financing (house cost/material cost..etc.) and the other partner did all the renovation work for flips or MF rentals?

So I have been working with a fairly successful local investor as of recently, and am looking to invest myself. He owns a lot of buy and hold SFR's and Multi's but I have noticed that they are kind of in war zones.......

A full partnership?

If you use a state that doesn't disclose the members of a manager-managed, I'd suggest that.An LLC can be taxed in many different ways, as a simple sole proprietor, partnership, C-corp, or S-corp.

Hi All, I wanted to get opinions on a partnership opportunity.

Or what terms I should have for this partnership

A partnership with them might help you all get into a larger property.I am actively looking in the Houston area and would be interested in partnering with someone on the ground.