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Updated about 8 years ago,
Structuring my private money...
So I'm ready to jump into this real estate stuff...
I have my private financing acquired to get started but am trying to decide how to structure it all.
Most of my private lenders would be fine with a handshake but I'd like to give them a bit more security than that. Leaning towards 1st and 2nd's on the properties.
But I'd also like the freedom to do what I want with the money on any given property at any given time which then seems like a lines of credit to my LLC would be easiest.
Another but, would the lines of credit to the LLC owning the properties still have the same amount of leveraged asset protection as 1st or 2nds on the properties?
In my particular case I'm looking at 3-5 individuals with investments between 50 and 100k.
Thoughts on securing the money directly to the individual properties or securing them all to my LLC (which would hold all the titles)?
I searched I promise...sorry if I missed it...