Originally posted by @Anthony Colonnetta :
I am a young real estate investor who will start investing in the next couple of years. I know you all aren't attorneys but what is better LLC or a LP? I am stressing about all of this and wondering if I have to learn about a LP and LLC or do I just let my future attorney worry about this?also, with a LP do you have to be in a partnership with someone else? How does that work? Thanks a lot for the future feedback! Anthony
Assets should be purchased under SPV's, typical entity structure is an LLC. If you have investors, the entity controlling that SPV should be a partnership. GP/LP structure is ideal. Refer to counsel.