Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

284
Posts
137
Votes
Pat Jackson
  • Rental Property Investor
  • Reno, NV
137
Votes |
284
Posts

Resources for new partners

Pat Jackson
  • Rental Property Investor
  • Reno, NV
Posted

I'm 33 and hope to buy my first investment home (multifamily unit) with a college friend.  The market we're looking at is out of state for both of us.  We're looking at each providing 50% of the necessary funds upfront, and managing the property jointly.   We are intending to buy for the long term, and for cash flow.

Right now we're leaning towards a LLC, but that's not set in stone. Information on market research, assembling a team, managing a home from afar, etc is fairly easy to find and digest. I haven't been able to find as much on setting up a partnership. Instead of answering a question directly, can anyone point me towards resources on setting up some sort of partnership agreement. Podcasts would be particularly useful. Thanks a bunch.

  • Pat Jackson
  • Loading replies...