Hi I just closed on my first real estate investment property today! I formed an LLC with my dad and need some advice on how to split up ownership percentages. I found the property, handled the majority of the closing process, and am going to be the property manager. We are planning on adding my brother to the LLC. He has not been involved with the property so far but he has capital that he can contribute. We were able to get a home equity line of credit, so if we wanted to, we could essentially put no money down and use the income from the property to pay this and the mortgage off. If we did this, it wouldn't make much sense to include my brother since he has not been involved but I would like to include him as we are planning on acquiring more properties in the future. At the same time, I would like to be compensated for the work that I have and will put in. If we were to not use the line of credit, my dad would be putting the most money down so he would get the most equity. I would definitely prefer equity over getting a salary for the property management, but am just not sure how my work would equate in this situation. One idea that my dad had was that I would essentially put nothing down, and my brother and dad would put up 5-10k for the closing costs and we would split the ownership three ways. I am trying to figure out the fairest way to go out about this so we can have it written in the operating agreement. If anyone has any thoughts or suggestions, it would be appreciated!