264: Rookie Reply: Building vs. Buying and Avoiding Capital Gains on a Sale
Real Estate Rookie
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Is There a Partnership Agreement for Out-of-State Investment?
Annie Hatch Johnson asked, has anyone partnered in an LLC for out-of-state investing? Did you use an attorney in your state or the state you were investing? Does it matter? This will be our first partnership and LLC. We decided we do not want to do a legally documented partnership agreement. Tony: The majority of our partnerships are through joint venture agreements,. Not necessarily new LLCs that we set up either.
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