Updated almost 4 years ago on . Most recent reply
RE Syndication Deals/Funds
We are starting to invest passively in to RE syndication deals as limited partners. Would would be the deal way to take interest in our ownership share? We live in Florida.
Is there any added benefit to created a multi member LLC (50% husband, 50% wife) vs. taking ownership as Husband and Wife (tenants by the entirety)? The cost of LLC creation ($125) and maintenance (state filing, CPA partnership return fees ~$500) should be considered into the equation as well.
We are both physicians to asset protection is important.
Most Popular Reply
I have been asked this question more than once, as I receive funds from investors. Most likely the added work/cost of the LLC wouldn't be necessary for you. You say you are limited partner, but are you a limited member in an LLC? if that's the case, you wouldn't need another level of asset protection. (I am not a lawyer, and I don't even play one on TV :) )