Issues to Think About When Flipping a Home with a Group of People
Our experienced Media PA Real Estate Lawyers offer customized legal solutions for a variety of litigation issues. From first time home buyers, to multi-million dollar commercial development projects, our firm will be with you every step of the way.
As an experienced Media PA Real Estate Lawyer, I am often asked about issues that could arise when you flip a home with a group of people.
- Before a group decides to flip a home, it’s important to consider whether they will form an LLC or simply operate under a partnership.
- No matter which entity is chosen, a written document should outline each party’s rights and responsibilities.
- Most importantly – choose people you know well before entering into this business relationship.
- Don’t create financial ties with anyone who’s untrustworthy or unreliable.
Are you thinking of flipping a home with a group of people? Contact dedicated Media PA Real Estate Lawyer Paul Fellman for legal guidance.