Attorney for multifamily real estate acquisition

Attorney for multifamily real estate acquisition

Member since 2023 · 5 posts · 0 votes

We are looking for an attorney with experience that can construct an operating agreement for an LLC for an acquisition of a multi family property in the state of Arizona. Using a general partner and multiple investing partners.

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  • Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
    2y

    @Dan Dares TM

    If the "investing partners" are going to be passive, you need an SEC attorney since you are now creating a security. DM ME, and I will send you a few names. If everyone is truly active, it is now a joint venture and you can have a local real estate attorney form an LLC for you (which is much less expensive).

  • Member since 2023 · 5 posts · 0 votes
    2y

    My investors are friends of mine however and will not be very active as i have informed them that i (as the general partner) will be making all the decisions.  would you suggest a local RE attorney form the oporating agreement with the roles spelled out should be good enough?

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