My investment partner and I have capital burning holes in our pockets!

I am hoping to get together with others that want to discuss and learn more about Real Estate, especially Multi Family, buy and hold, syndication, partnering and how to benefit from tax incentives for RE. 

Hey there BP community, I am a newbie looking to start flipping houses with my partner starting in July-August 2019.

Often times business partners skimp on their operating agreement and may not even consult an attorney, then when things go awry it costs ten times more (and can drag out for years) to resolve.

My business partner and I are looking at purchasing a fourplex.

I really stick to the concept that if I wouldn’t invest my own money into it, I wouldn’t ask a JV partner to fund such a deal.

You should consult a lawyer but assuming both your and your husband are general partners in the partnership you still have unlimited liability if you are sued.

They all said that they have used replacement value policies when partnered with someone that felt more comfortable with having more insurance”You can adjust the deductible to help lower your monthly payment.

It will keep the splatter of being sued from touching you personally if done right, where property insurance can provide an umbrella to help cover some liability, if it doesn't rain too hard with lawsuits, but the IRS still has you file your taxes the same as the owner unless you have partners in LLC.

@Jeremy VanDelinder I'm investing from out of state - out of country even...I'm looking to buy something in the next couple months in Round Rock but I'm also looking to partner immediately with existing rental investors who have vacant units