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Updated 8 months ago,
Need advice from investors who have done 6 months buyout of loan partners
Good Morning all!!
Need advice from investors who have done 6 months buyout of loan partners
Scenario
Invest 50 k, loan partner invests 50 k , buy using DSCR in a LLC for STR
Agreement using attorney is, pay 60 k to loan partner after 6 months and then LLC has only one member which is me and I control that property
Anyone done this or a variance of this?
Motivation is to overcome down payment hurdle for expensive houses for STR