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Updated over 5 years ago on . Most recent reply presented by

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Tim Matthews
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Seeking an attorney regarding partnership for rental property

Tim Matthews
Posted

Hello,

I am still in the process of preparing to purchase my first rental property. Most likely, I will be buying property in Chicago with a partner. Based on research I've done on BiggerPockets, it is recommended for the investor to set up an LLC when partnering with someone on a rental property. If someone can recommend to me a lawyer familiar with setting up business partnership for rental properties, can you please recommend them to me? I would like to seek advise for this venture.

Thank you!

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Jonathan Klemm
  • Contractor
  • Chicago, IL
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Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorReplied

@Tim Matthews - Congrats on moving forward with your first purchase!  Always a ton of work to get to the closing

I've got a couple of decent attornies in mind, shoot me a PM and can provide their contact details.  What area of Chicago are you investing in?

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