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Updated about 4 years ago,

User Stats

30
Posts
6
Votes
Liam Galbraith
6
Votes |
30
Posts

Do I Need To Work With An Accredited Investor In Partnership LLC

Liam Galbraith
Posted

Hi BP Members,

I'm learning about partnership deals and would like to start one with a business partner of mine. The partner will put up the down payment for the house(residential 1-4 units), and I will manage and bring the deal. We will split everything 50-50. 

I will take out the mortgage under my name but we will hold the title under an LLC. If this is the case, does my partner need to be an accredited investor? (I will of course double check everything with my attorney) Thank you!

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