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Updated over 7 years ago,
Loan/Deal Structures With Partners
In an article like this: https://www.biggerpockets.com/renewsblog/2014/03/1...
The author says "Let’s say you structured the deal such that the investors get 75% of the building and you gave yourself 25% for putting the whole thing together."
I'm assuming he is basing these numbers off of the investors putting up the whole $180,000 down payment?
How is the $420,000 mortgage typically structured? Is the loan made to the LLC and the LLC has a PPM that details what each investors percentage is?
Does anyone have an example of a LLC operating agreement or Private Placement Memorandum that I could use?
Who would I go to for help with the structure of the deal? Attorney/Lender?