Create an LLC for first partnership? Best way to do so
I am 23 years old and am looking at buying small multi-family (<4 units) with a silent partner who is a physician by day. He is worried and wants his personal assets protected when investing (he is a high net worth individual).
Does anybody have any suggestions how to structure an LLC for this type of business or deal in Georgia, or anywhere? I personally own one small condo that I am currently house-hacking and had no trouble receiving a loan or financing the property. My partner also has great credit.
Will we run into a lot of issues getting financing if we invest together, underneath an LLC?
Any advice or people to contact would be greatly appreciated!
Thanks in advance.