Real Estate Investing
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.
What about setting up an LLC.
You might look into setting up a land trust agreement.