Hi BP Members,I would like to purchase a multifamily property through a partnership deal with an investor.

@Dan MikloszOf course, consult a professional..Otherwise, you really need to form a legal entity, such as a partnership or LLC. 

I will not have 100 LLC's for 100 properties, but depending on debt vs equity partnerships in the future I may get more LLC's.

I'm new to Real Estate, and am currently in the process of working out the details of a partnership with someone.

You can also look into partnerships with someone who either has capital or is loan eligible.

Hi everyone! I'm completely new to real estate. I have 40k cash to invest. My job takes up a lot of my time and I am hoping to find a partner ideally in the Bay Area to strategize and invest with who can be on the gr...

And then once you find someone you click with I would then approach it from more of the partnership angle opposed to the mentor. 

Yes, you have basically created a partnership and you need to file a tax return.

The interest expense on borrowed funds that are not paid out or used and simply held in the bank account is treated as investment interest because cash reserves are treated as an investment property.Its is extremely easy to trace interest if you keep separate accounts: If you borrow $15k and use that to buy systems for your business, that is a business interest and deducted as business interest.2) If you borrow another 20k and use the funds to buy the limited partnership interest in another partnership, the interest expenses are passive activity interest expense (Losses resulting from passive income are subject to limitation due to passive activity loss and at-risk rules) 3) If you borrow another 30k to invest in the investment property, the interest on the loan is an investment expense.

Or partnership style lending that someone else has done that has advice?