Updated over 10 years ago on . Most recent reply
Family Operation
We have several properties, between family members, and we are going to officially organize into a business entity. The goals are to reduce liability legally, be able to pool resources when going through underwriting(Person A can claim rental income, and pass underwriting, they may share with Person B, but Person B is not involved directly with this particular transaction.
What entity and structure will best meet these goals? We are talking about 7 properties with 11 Units in total at this moment. Could be 9 Properties with 14 units by year end.