Putting two different offers under different names.

[Marzieh Rostami]

So my sister and I have just started investing together and we have formed an LLC. we have been looking for our first deal for a long time and haven't found one yet. I found a house a few days ago on the MLS that seemed promising. I called the listing agent and asked to see the house. I went on my own without my sister. The house to me required a lot more work than it seemed from the pictures. I wanted to put a very low offer but I wanted to do this through the listing agent. I thought there maybe more incentive for the agent to favorably present this low offer to the sellers since the agent will get double commission. If my offer is accepted then all the better.

On the other hand my sister who has not seen the property thinks it is worth much more then the amount I am proposing because of the location even if we need to do more in renovations. She doesn't like the idea of not using our own agent and she is telling me if my offer doesn't get accepted she wants to go back with a higher offer this time with our own agent.

My question is, if it comes to that, will there be any legal complications? Since we work together.

[Caleb Heimsoth]

Originally posted by @Marzieh Rostami:

@Caleb Heimsoth

Well we haven't been able to agree on this one and she insists that she wants to buy it under her name not the LLC and she wants to do this her way.

My offer will be under my name and her offer under her name. But if her offer IS accepted and not mine ofcourse I will be helping her with the project even though she is being very stubborn!

I guess a better question is will she need to disclose anything when putting in the offer.

Sounds like you have more issues to workout then just this offer.  If you can’t agree on stuff I would recommend You dissolve this partnership and just go it alone.  

Working with family usually doesn’t end well