I also am trying to put the right amount of protection in place for the properties in my wife's and my name and those that would be in joint ownership LLC's with our children.The alternative is to just have the four LLC's with no holding LLC and have the insurance on the rentals and large umbrella insurance policy vs the holding LLC. 

The main thing is to have them jointly and severly on the lease (ask a lawyer on that one but basically it means they are all responsible for the rent and property). 

Near the end of December, while we were knee-deep into the rehab, she texts me and asks me if they can move back in and re-rent the house if they pay December's rent 😂😂 

Some my even be willing to joint venture with you as well.

Hi everyone, I'm planning on doing my first flip, and I don't know much about renovation. I found a good GC with great references. He agreed to help me out if we split the profit (70% to me, 30% to him). I will put my...

I partnered with a private lender in a joint-venture whereby the lender provided 70% of the purchase price for a 12 month promissory note with interest and deed of trust.

I think doing an LLC for a joint venture is a good idea. 

@Nathan Killebrew“It is better to die on your feet, than live on your knees”- Emiliano Zapata

Hi Brandon,A partnership or joint venture may be something for you to look into.

5) I have one Joint Venture, and I have another partner @Timothy Casallas that we are looking for a multi-fam to partner on in 2023.