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Updated almost 7 years ago on . Most recent reply

Seth Levey's profile image
Seth Levey's profile image
Seth Levey
  • Rental Property Investor
  • from Westminster, CO
  • Member since Jun 14, 2016
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Seth Levey's profile image
Seth Levey's profile image
Seth Levey
  • Rental Property Investor
  • from Westminster, CO
  • Member since Jun 14, 2016
Connect
Seth Levey
  • Rental Property Investor
  • Westminster, CO
5
Votes |
48
Posts
Creative Real Estate Financing

Line of credit within partnership

Seth Levey
  • Rental Property Investor
  • Westminster, CO
Posted
I’m curious if anyone has experience using a line of credit within a JV or other partnership and if so, how have you structured it? In other words, because a line can have cash advanced at any time, do you set up an operating agreement/bylaws for who/why/when cash can be advanced on the line? If it will ever be closed? Thanks for your input!
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