Partnering Up

[Account Closed]

How do you folks structure everything when you have a passive investor invest money to get into a deal? I've read about this, and had relatives with money come up to me, and basically ask me to be their work horse to fix up and manage properties for 50/50 split. My question is when we go for loans, do they go in my name, or the investor's, or both?? I'm sure we would set up a unique LLC for our investing as partners, but the LLC would not get the loan these days...would have to be in someone's name i'd imagine...thanks.