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Updated over 1 year ago on . Most recent reply

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15
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4
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Kathy Leach
  • New to Real Estate
  • Pomona, MO
4
Votes |
15
Posts

Should I do JV or create LLC?

Kathy Leach
  • New to Real Estate
  • Pomona, MO
Posted

Hello:

Two associates and I are discussing doing a JV on a property. I think that we will want to do several properties. Do we need to do a separate JV for each property? If so, would it be more beneficial to create a LLC with the 3 of us? Each of us is in a different state. TX, WI and MO

Thanks!

Most Popular Reply

User Stats

15
Posts
4
Votes
Kathy Leach
  • New to Real Estate
  • Pomona, MO
4
Votes |
15
Posts
Kathy Leach
  • New to Real Estate
  • Pomona, MO
Replied

Thanks for the reply! We actually all have our own LLCs already. So you think it would not be a good idea to do LLC with all of us as partners. Makes sense to keep it all clean. Can one JV agreement be done to cover multiple yet-to-be-determined projects or do we have to do a JV agreement for each and every project we work on together. We would definitely be using an attorney. I'll check out your links, too!

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