Investing as a couple with a partner

[Jen Senecal]

I am new to real estate investing and looking to invest in south San Antonio area. My boyfriend and I will be partnering up with our good friend who is also a newbie. I was wondering if anyone has any advice for how to navigate this type of relationship. We are still debating doing one LLC or if my boyfriend and I should create an LLC and our friend creates his own. We plan to meet with professionals to discuss the best option for us but I would like to hear some personal stories from the BP family as well. Thank you!

[Daniel Hyman]

Lots of variables here. Best to consult with an attorney who can help you draft an operating agreement that lists the details of the equity structure, partner responsibility, liabilities, management, books and records, etc.