How to pay Investors - Commercial Real Estate

[Konnor Lange]

Hello,

I have a deal that I'm facilitating that's off market. The deal requires around $60,000 cash as down payment on mortgage. I'm planning on providing $15,000 cash along with taking on the mortgage and managing the property. I'm curious to know how to structure this deal with an investor. Assuming we agreed upon 50/50 split on cash flow and an investor exit at refinance with me taking on 100% ownership, what kind of agreement is required to facilitate those distributions and exit? Would this be a separate contract or would we be better off putting the property into an LLC with 50/50 ownership with a operating agreement that explains distributions and exit for the investor. This is my first deal. Any help is greatly appreciated. Thank you.