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Updated almost 3 years ago on . Most recent reply

Samantha Baker's profile image
Samantha Baker's profile image
Samantha Baker
  • Member since Apr 19, 2022
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Samantha Baker's profile image
Samantha Baker's profile image
Samantha Baker
  • Member since Apr 19, 2022
Connect
Samantha Baker
1
Votes |
11
Posts
Tax, SDIRAs & Cost Segregation

LLC formation with Investors

Samantha Baker
Posted

Hey all! I have investors interested in getting into the deals I come across. I'd like some help with structuring the partnership. 

For example, let's say John wants to invest $50k into a property I want to purchase. 

John and I form an LLC and those funds would be deposited into the LLC through which the property is purchased. I then have a lawyer form a promissory note for the loan terms owed to John upon the flip of the property.

Is this a "smart" way of going about this? Seeking a hard money loan. 

Orlando, Florida
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