Need Tax/CPA Help! [Investor Money]

[Tyler McDaniel]

Hey Everyone,

So I have a few private money investors that want to be part of my deals.  We are going to structure the deal where they loan the money and get interest until the sale or refinance.

We want to hold the money in my LLC account until it is deployed into a property but what are the tax implications of this? What if we have a Promissory Note spelling out exactly when interest will begin to accrue and maybe another Promissory Note for when the property is purchased so there will be collateral.

I know legally it can be done but tax-wise how would this be done? 

Thanks!