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Updated over 3 years ago,

User Stats

15
Posts
4
Votes
Liz S.
  • Delaware, OH
4
Votes |
15
Posts

LLC Structure Question

Liz S.
  • Delaware, OH
Posted

Hey guys! I have been in contact with an out of state investor about partnering up on some flips...he would provide 100% of the capital and I would manage the projects. The idea would be to form an LLC for any given project but my question is this:

In order to get a lower origination fee and interest rate from Lima One Capital they would like to see my past flipping history. Is there any way I can be on the LLC to receive those lower rates but should anything go wrong, my business partner has 100% ownership in the property? Is this something we could draw up separately in a partnership agreement?

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