Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

130
Posts
32
Votes
Aaron Vergason
  • Rental Property Investor
  • Erin, NY
32
Votes |
130
Posts

Partnership Structure

Aaron Vergason
  • Rental Property Investor
  • Erin, NY
Posted

I have an LLC currently for investment properties. I'm interested in partnering with someone else and buying/ hold rental property. Do we need to create a new LLC or can My LLC partner with him personally to buy a group of houses?

Must he have an LLC to partner with my LLC or would his LLC just be a protection barrier in litigation?

Thanks,

Aaron

Most Popular Reply

User Stats

130
Posts
32
Votes
Aaron Vergason
  • Rental Property Investor
  • Erin, NY
32
Votes |
130
Posts
Aaron Vergason
  • Rental Property Investor
  • Erin, NY
Replied

@Chip Cogan I ended up recommending he buy the properties on his own. I didn't feel right being a partner that doesn't put in cash or does the work. He just wanted me for my insight. 

Instead we have lunch and coffee together and I guide him through whatever he comes up against. :)

Sorry I can't help more. 

Loading replies...