If all of you are equal members of that LLC you'll all have equal authority. 

This is just one of the loopholes and tips I enjoy offering to other BP members to help avoid lost time or money!  

I just finished Brandon & Joshua's book, How to Invest in Real Estate, so thought I'd get active on their BP site.  I'm located near Aspen Colorado in a small Mountain town.  Real Estate is very expensive here, bu...

My name is James Nelson and I just signed back up to being a member of BiggerPockets. 

Florida is especially illustrative of this concept because FL LLCs, especially single-member/owner LLCs, provide very little outside asset protection.

Similar to a Military Member/Veteran when they get deployed they can rent out their home and come back can buy another primary home 100% which does depend on their remaining entitlement but in most cases its good to go and can have multiple VA loans.Every state offers its own special programs but you also have bank/lender programs built for your career! 

The scenario above will not work because the LLC is a multi-member LLC. 

View report*This link comes directly from our calculators, based on information input by the member who posted.I'm a real estate noob, would love the feedback!

I am a member of a private group that puts these syndications together ONLY with members of the group. 

Hey Marisa, fellow new member.