Hey all,
Looking to start investing in some long term rental properties to get a different source of passive income. I will most likely have 2 other partners..any advice on structuring this partnership would be greatly appreciated. An LLC seemed to be the obvious choice for the properties until I realized that it is much harder to get any sort of financing. Our first property would be paid for in cash for other reasons, but would like to leverage as much as possible down the road. Can we just have 3 people on the deed and have a good insurance policy instead of an LLC?
If it seems like I haven't done enough research yet, that's probably because I haven't! I just find the MMM community to be very helpful and I value the input from this forum. Any other tidbits of advice would also be appreciated (how to handle the bank accounts..etc)
Thanks!