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Updated over 6 years ago on . Most recent reply

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1
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Adnan Arif
0
Votes |
1
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How to form partnership LLC

Adnan Arif
Posted

Hi, 

My partner and myself want to start a real estate business where we both are 50% shareholders in the business. We wanted to buy a property where my partner is putting 50% cash (which will server as down payment) and I want to get loan on my part 50%. I want loan to be on my name and title on our shared LLC name. When I apply to banks/credit, they are not buying/agreeing on it. How can we achieve this goal? Please share other strategies that we can follow in such situations?

Most Popular Reply

User Stats

61
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29
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Tiago Alencar
  • New to Real Estate
  • Saratoga Springs, UT
29
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61
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Tiago Alencar
  • New to Real Estate
  • Saratoga Springs, UT
Replied
@Adnan Arif I would find a local tax Lawer that partners with a CPA to answer that question.

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