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Updated over 3 years ago, 06/25/2021
share ownership with sister on one property only
Here's my scenario:
I financed 4 properties with 1 loan to take advantage of some better pricing. One of the properties was co-owned by me and my sister, the other 3 properties I owned solely in my own LLC.
Is there a way to create some form of agreement (joint venture agreement perhaps) or give her an ownership portion of my LLC, but rather than her owning a certain % of the LLC, we want her to own 50% of the one property.
Appreciate your input.
I financed 4 properties with 1 loan to take advantage of some better pricing. One of the properties was co-owned by me and my sister, the other 3 properties I owned solely in my own LLC.
Is there a way to create some form of agreement (joint venture agreement perhaps) or give her an ownership portion of my LLC, but rather than her owning a certain % of the LLC, we want her to own 50% of the one property.
Appreciate your input.