Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
How do i set up a silent partner
i'll be using him for the down payment on my fix and flip. I'll be holding the private money in my name and the partner will front me the down payment. Question should i have him front the cost of the rehad which is $42,000 or should i just use that with my private lender?
any advice will help since i'm doing this for a first time. I will be laying everythting out with an attorney maybe even set up an LLC with the silent partner in case i or he dye in the middle of this...? ALways have to cross your T's.
THanks in advance