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Updated over 5 years ago,
How do I except money from an investor who just wants to make %
Good day,
I am buying single-family homes rehabbing them and renting them out. After the rehab is complete I will get a mortgage on the property and my plan would be to pay off the money partner that has loaned me the fines to complete this transaction. Of course they will make a percentage on top of the money they borrowed. My question is how Do I structure this deal so that the investor is protected and feels secure.
It would be a Canadian investor investing in the USA.
I'm thinking that I would have to open up an LLC with the investor and we both go on title of the property that I buy and after the refinance has been completed I would take him off title.
Is there any other strategy?