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Updated about 16 years ago,

User Stats

50
Posts
1
Votes
Ivan Reyes
  • Real Estate Investor
  • San Juan, Puerto Rico
1
Votes |
50
Posts

Two partners want to invest. Structure ideas.

Ivan Reyes
  • Real Estate Investor
  • San Juan, Puerto Rico
Posted

Here's my situation.

I have an new LLC (no history, just a bank account)
I have two people who want to invest 50/50. They will front their credit on a hard-money loan. One partner per deal. I find the deals, negotiate and manage the project. I'm a loan officer.

How should I structure this so I'm more secure when the check arrives? I know the check will be in the name of my partner. Also hard-money gets wired to borrowers bank account. Should I:

Title the property into my LLC and add them as a member.
Create a partnership for each deal with 50/50 split.
We open a bank account together with co-sign privileges.
Create an LLC for each deal.
Other ideas???

It seems like there are many options and now I'm not sure what would be best. Any ideas.

Thanks.

Ivan