Private Lending

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Apostolos Karnavas
  • Flipper/Rehabber
  • NJ (new jersey)
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23
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Partnerships with family

Apostolos Karnavas
  • Flipper/Rehabber
  • NJ (new jersey)
Posted Nov 7 2022, 11:42

Hello Biggerpockets community,


I am a novice real estate investor. Currently house hacking my first property (a triplex). I have been very interested in forming a partnership due to my lack of capital to invest. I have been in discussion with my uncle who is an experienced real estate investor on potentially partnering up on a future project. My uncle would provide the purchase price and down payment and I would perform all of the work and we would split it in half. I would like to form an LLC with each of us on the llc. I am looking for any advice/tips while I am preparing to set up this LLC and put our first project under contract! Thank you

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