At some point in a career, most investors will find it beneficial to bring another person into their next project. With vacancy rates still unreasonably low you may be considering some non-traditional strategies - even new construction. Those types of projects require a different set of documents and skills.
This month we've put together a panel of experts to guide you through the process of structuring the partnership and explore a few crucial aspects you may not have considered. We'll look at it from the perspectives of a banker, an accountant and, of course, an attorney.
Greg Brown is our go-to attorney for all things real estate. A partner with the firm, Harrington Miller, he is also an investor. Greg specializes in real estate disputes, construction claims and condemnation. Whether setting up your rei business or looking for a fierce advocate, he's your guy.
Sam Harris is Market President of Armstrong Bank, with locations in the Ft Smith area and NWA. Incredibly knowledgeable about the investor market in NWA and witness to partnership - good and bad, he's seen it all. Sam has funded many of our member's residential and commercial projects.
Brian Fleming is an accountant with Vantine, Barrett and VanWinkle. He's also an investor and has presented at several meetings and been an instructor at the REI 101 courses. In addition to his accounting background, his specialty is running the numbers and finding money-saving strategies for our investors.
These seasoned pros will talk about:
- What NOT to leave out of a partnership agreement
- How banks look at non-traditional partners
- Tax considerations for partnerships
- When a partnership makes sense
- Exit strategies for situations your may not have considered
Join our panel and learn from experienced guys who have seen it all and learn how to avoid disputes before they happen, share the risks and rewards equitably and keep partners and projects in the black.