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Updated almost 7 years ago on . Most recent reply
Seller w/ multiple units- LLC purchases with outside person
Working with an investor in Maryland who has multiple units for sale, could do seller financing on just one or bring in another person outside my LLC to try to buy everything to get the best discount possible. This outside investor doesn't want to loan on the properties but actually wants an equity stake.
How could that be structured? I'm in an LLC with one other person, and this outside investor is buying in his personal name. Would the LLC own 50% and him 50%, or each of us at 33 1/3? Is it an entity partnering with an individual?
Has anyone done this before? Thank you
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
Cleanest would be for your LLC to buy some and the outside person the others.
A partial LLC, partial personal ownership would probably be TIC with % listed, then a JV agreement.
If the units can be broken out separately, splitting them up would probably be best. Is that possible, Ken?