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How do I structure this LLC?
Hey guys - how do we structure this business agreement where there are 4 homeowners on the Title but only 1 borrower? The loan borrower wants bought out but agrees to not sell or refi the house since interest rates are high. How do we structure this so that all 4 parties are secured? (ie. 3 partners investment is safe, and the borrowers loan is safe)
It'd be 3 people holding 100% equity in the home and taking rental business profits, while the borrower who the loan is under gets residuals for putting his credit up and also gets profits from the rental business. How do we remove the borrower from the Title without causing a Due on Sale? Do we need multiple LLCs? Something else? HELP! Thank you.