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Updated over 2 years ago,
Investor Contracts Needed
Does anyone have a contract or partnership agreement template they use when purchasing properties? We have 3 scenarios:
1. Investor wants to give us a loan for $50k with jumbo loan payback terms. We'll use the loan to purchase a new property.
2. Investor wants to put all down payment and closing costs down ($50k total) to acquire a property while we oversea the renovations (sweat equity). We'll go in on this deal 50/50%
3. Crowd funding - 5 people want to put in $10k each ($50k total) to purchase a home.
Does anyone have a partnership agreement they can share with me for either circumstance? Or something similar? How do you go about it when it's multiple partners? Do you open a new LLC with all partners? I'm open to all advice. Thanks in advance!