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Updated about 6 years ago,

Terry Sweeney's profile image
Terry Sweeney's profile image
Terry Sweeney
  • Rental Property Investor
  • from Oklahoma City, OK
  • Member since Nov 29, 2018
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User Stats

10
Posts
3
Votes
Terry Sweeney's profile image
Terry Sweeney's profile image
Terry Sweeney
  • Rental Property Investor
  • from Oklahoma City, OK
  • Member since Nov 29, 2018
Connect
Terry Sweeney
  • Rental Property Investor
  • Oklahoma City, OK
3
Votes |
10
Posts
Land & New Construction

Starting a new partnership

Terry Sweeney
  • Rental Property Investor
  • Oklahoma City, OK
Posted

My business partner and I have found another investor interested into going into business with us. Although we would prefer to use him as hard money lender, he would like to purchase rentals with us instead. How should we divide ownership? Should my business partner and I keep our current LLC or get separate one with the new investor? Should we divide everything three ways? Or our company get 50% and the separate investor gets 50%?

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