« How to get more than 10 mortgages on investment properties? | Home | Investment properties question, how do banks look at them? What is the best way to get into it? »
How to handle partnerships in investment properties?
By Tom | July 2, 2007
panty t asked:
my brothers and i want to put in our money together and buy a few investment properties to rent out so we were wondering how would we do this? i was thinking of making a trust and putting the properties under the trust so everything would be equal but my oldest brother was thinking of setting up a management company business. so what do you think we should do?
Shannon
Topics: investment properties | 2 Comments »
July 4th, 2007 at 12:45 am
With family involved, get a good attorney. It’ll be worth it.
July 4th, 2007 at 6:00 am
You don’t need a trust or a corporation. Just buy the houses and rent them out. It is not “easy” but it is simple to do.
Or hire an attorney for $1,000 to form a LLC Limited Liability Corporation..