Updated over 9 years ago on . Most recent reply
Buying Properties with Partners
Hi BP community. Typically I buy/sell on my own, but there is this deal that I am considering partnering up with a colleague of mine. There is a Short Sale property that we are interested in purchasing but are unsure as to how to purchase it. What would you all recommend and how would we go about doing it? LLC, LLP, Conventional, etc. Here are a few of the numbers:
Purchase Price: $65, 000
ARV: $130,000
COR: $30,000
Quiet Cost: $14,500