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Hi everyone, I have 2 years of experience in a service based industry as a Java developer, and I am eager to work hard and switch to a reputed product based organisation, but I am not getting proper time to study and practice data structures and algorithms, as I have so much to learn and understand things which are related to my project. Any suggestions would be appreciated and I'll try to inculcate it. Thanks in advance! Amazon Oracle Samsung Microsoft Cisco Salesforce Arcesium Uber
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Mentor
Yes. LLC holding company with you three as owners, and individual LLCs owned by the holding company for each property. Talk to an attorney and accountant to help structure it.
Subject Expert
With multiple partners, creating an LLC with the partnership details and operating agreement is going to be important.
As you acquire properties, how you hold those properties will depend on the state and the nuances of the property. I don’t agree with AD1’s approach of an incremental LLC per property, but it depends on the details.
Mentor
It’s just extra liability protection.
There are consequences if you invest through LLC (legally and from a tax perspective) that you should learn about before investing
Do lenders require a larger downpayment when lending to an LLC vs. to an individual?
Mentor
Agreed. OP: don’t do anything without your own experienced legal counsel to guide you. It’s worth the money up front to prevent being screwed down the line if the partnership falls apart.