Posted by Greg (NJ) on January 17, 2003 at 11:25:51:
Nancy, yes you will need to form a LLc or ‘S’ corp. There is stuff on this site about this. Look on the legal fourm
Posted by Greg (NJ) on January 17, 2003 at 11:25:51:
Nancy, yes you will need to form a LLc or ‘S’ corp. There is stuff on this site about this. Look on the legal fourm
real estate as investment rental property - Posted by Nancy Laheeb
Posted by Nancy Laheeb on January 17, 2003 at 10:43:20:
Hi there. Just wanted to get information about 2 friends wanting to purchase a townhouse in DC as investment property and then eventually renting it out. What would be our first step if we do decide to buy? Is it better to form a LLC? Where can I find more information about this?
Re: real estate as investment rental property - Posted by Dave T
Posted by Dave T on January 18, 2003 at 11:03:10:
I would think that you would want to draft a partnership agreement first. Put in writing how much each will contribute to the partnership, the individual responsibilities of each partner, and how the assets of the partnership will be divided when and if the partnership is dissolved.
Re: real estate as investment rental property - Posted by Greg (NJ)
Posted by Greg (NJ) on January 17, 2003 at 11:28:22:
You can start with this link: http://www.creonline.com/articles/art-202.html