The 4 Best Legal Structures For Real Estate Investments

This is an excerpt from ‘Achieving Wealth Through Real Estate: A Definitive Guide To Controlling Your Own Financial Destiny Through a Successful Real Estate Business’ by Kirill Bensonoff. Get your free copy by clicking .

When starting a real estate business, some individuals prefer to work alone, while others prefer to have another person providing financial and managerial input.

The benefit of having a partner is typically related to scaling: more capital and hands-on-deck means it will be easier to translate a startup to a scaled, efficient real estate business. Real estate investing and business partnerships can be rewarding, bringing advantages to all involved parties, but if not managed well, it can be just as disastrous for all.

To be sure, there are definite benefits to a strategic partnership, including:

• More resources are available to go around, and that doesn’t just mean financially.
• As a less experienced real estate investor or entrepreneur, working with a partner that has a proven track record of experience in the industry could be the difference needed to make the venture successful.
• Risks are divided between multiple individuals rather than the loner alone and so is accountability and tasks.
• By expanding the business to multiple people, you can also stand to gain from any potential partner’s network connections.

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