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Updated about 5 years ago,

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11
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0
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Jodie Fae
0
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11
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How do i set up a silent partner

Jodie Fae
Posted

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