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Updated almost 2 years ago on 08/30/2023. Most recent reply

43
Posts: 10
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Doug DavisPoster

Starting Out

Operating agreement with siblings- Lawyer, Rocket Lawyer, LegalZoom?

Doug DavisPoster

Posted August 28, 2023 21:04

My Dad left me and my siblings a house in Florida, so we just started renting it now and have a property manager, insurance and an LLC. It has been a learning experience.

The mortgage company wants to see our operating agreement before they approve us putting the deed under an LLC. However, we do not have one.

Would you recommend hiring a lawyer? Or would LegalZoom or Rocket Lawyer be sufficient? I'm guessing the lawyer would be more expensive. I'm not sure how complicated or how much it would differ from a standard template, but I don't know much about operating agreements anyway.

Thanks.

Doug Davis

Tallahassee, Florida

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Investor
Virginia

Investor
Virginia

ModeratorReplied August 29, 2023 03:30

@Doug Davis

Get an attorney to do this. I always recommend one that will do it based on your situation vs standard online / generic forms

Chris Seveney

7e investments

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