I am active investor in NJ, Buy and Hold type. Recently few folks approached me for partnership in investing in Single family homes. I wanted to go for it, but worry about loosing friendship/money/relationship/trust if something goes south.
I understand we need LLC or some entity as well as partnership agreement is good start. Where do i get more information.
Welcome to the site @Prima Serv
You should contact an attorney to create an LLC along with an operating agreement that outlines shares, profits, duties, contributions, triggering events for changes, what happens in a death or bankruptcy etc....
Hey @Prima Serv, welcome to the site! Feel free to jump in the community here and also take advantage of the treasure of knowledge here.
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