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Real Estate Investing

jprod profile photo
  • Friday, August 13, 2004 @ 05:18 PM EDT
  • 2 Comments
My two brothers and I are making investments on a few vacant lots in upstate NY and FL. We're putting up equal share in each lot investment. How should this be structured taking all the tax implications into consideration?   Should we form a real estate partnership or some other entity? Could we simply put three names on each title and each pay 1/3 of the yearly tax bill.
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  • johnbriscoe
    johnbriscoe13th August, 2004
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    What about setting up an LLC.

  • ray_higdon
    ray_higdon13th August, 2004
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    You might look into setting up a land trust agreement.

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