REI Pro Seminars: Partnerships

REI Pro Guard Tax & Legal Seminars

NEW: #4 – Mastering REI Partnerships

1 DVD – 4 hours. Intermediate-to-Advanced level



Partnerships are like marriages: they are very easy to get into, but very difficult to keep running smoothly. Circumstances change, expectations change, and people change. A lot can go wrong, and break-ups are usually complicated if not disastrous.

Despite these obvious risks, most investors readily jump into a 50/50 LLC whenever they start a joint project. Sadly, this is the WORST of several possible ways to structure working together! Yes, there’re better alternatives, and we want to give you these other options.

And if you do form an LLC, who do you go to? Many investors opt for boiler plate operating agreements found online or copy from their friends. What can go wrong? Here’re couple examples.

  • You start out with two members who each own 50% of the LLC, and 1 member puts in more money than the other. Well, the ownership is no longer 50% each! Did you know that?
  • Did you also know that typically, under those same boiler plate operating agreements, all members are required to bring all real estate deals they become aware of to the LLC. They cannot do deals outside the LLC without the permission of the LLC!

Could be a problem, right? There are more! However, you can fix these issues by drafting the operating agreement properly for your investment goals.

In this 4-hour workshop, we explain:

  • when to partner and when not to partner
  • benefits and risks of a partnership
  • alternatives to the 50/50 partnership setup
  • different types of business entities used for partnering
  • legal structure and documents for a partnership
  • common mistakes in drafting operating agreements
  • managing legal liability of partners
  • the correct ways to report your business to the IRS
  • important steps to protect yourself and your business legally
  • best business practices

We have a combined 40 years of real estate and business experience, which can save you from a lot of trouble and lost money.

Steve’s information was somewhat scary, but real good to know. I had no idea about all these risks. And Michael laid out the IRS rules perfectly. Great job by both instructors, highly recommended for all investors.

Pablo Ramos, multi-family investor.



Michael Plaks, EA* is a “Black Belt” in real estate taxation. He owns one of the top 3 tax firms in Houston since 1996, serving exclusively real estate investors. Michael is an award-winning speaker, best-selling author and the ultimate expert in IRS taxation for realty investors.

Steven Newsom has been practicing law and assisting real estate investors with their legal issues since 1997. Besides a J.D. degree, Steve has a B.S. degree in engineering and an MBA. An active investor himself, he focuses his general civil practice on real estate, business and contract law. Steven is a best-selling author and teaches at Rice University.

*EA – Enrolled Agent, Federally licensed to represent clients before the IRS, the highest IRS designation.



Your $397 investment may not only save you thousands of dollars, but save your entire business from collapsing! Make sure your partnership operates on a solid foundation!

BETTER VALUE: All 4 “REI Pro Guard” seminars for the price of three: $1,197 – one seminar FREE!

BEST VALUE: Entire library – all 11 seminars for the price of seven: $2,497 – FOUR seminars FREE!

Choose a bundle or a single DVD