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Updated about 5 years ago on . Most recent reply

Lamont Marable's profile image
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Lamont Marable
  • Real Estate Investor
  • from Waldorf, MD
  • Member since Dec 5, 2014
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Lamont Marable's profile image
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Lamont Marable
  • Real Estate Investor
  • from Waldorf, MD
  • Member since Dec 5, 2014
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Lamont Marable
  • Real Estate Investor
  • Waldorf, MD
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Multi-Family and Apartment Investing

Joint Venture (JV) LOI

Lamont Marable
  • Real Estate Investor
  • Waldorf, MD
Posted

How would you write an LOI with partners without forming an entity together? We're looking at doing an apartment together.

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Nick B.
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  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.
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Nick B.
  • Investor
  • North Richland Hills, TX
Replied

You don't need to. Just use the name of one partner and "and/or assigns" phrase. If LOI is accepted you can assign it to to a newly created entity

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