Updated over 9 years ago on . Most recent reply
Resources for new partners
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.