Has anyone used a Real Estate Limited Partnership to buy a condo?

I stumbled upon this video some time ago. In short, a group of friends bought a small apartment building using a RELP and each gets their own condo.

I thought about buying a duplex with a friend because real estate is so high in CA and then each of us live on our respective sides. Watching this video opened my eyes to a more formal way of doing this.

Has anyone had experience doing this or for a client? There are quite a few cons, but from a financial perspective it’s a huge plus.

submitted by /u/ChocolateTsar
[link] [comments]

I stumbled upon this video some time ago. In short, a group of friends bought a small apartment building using a RELP and each gets their own condo. I thought about buying a duplex with a friend because real estate is so high in CA and then each of us live on our respective sides. Watching this video opened my eyes to a more formal way of doing this. Has anyone had experience doing this or for a client? There are quite a few cons, but from a financial perspective it’s a huge plus. submitted by /u/ChocolateTsar [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!