Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on . Most recent reply

First Duplex, LLC or Limited Partnership?
I am about to submit an offer on my first home, a duplex that my wife and I are going to buy with my brother and his wife. We are planning to live on either side for a few years, rehab the property, then refinance to pull out equity for new homes, then rent both sides out. To be able to buy the home, we need both of our incomes to qualify for the mortgage.
Should we form an LLC to buy the property or operate under a Limited Partnership?