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Updated 9 months ago on . Most recent reply

User Stats

85
Posts
21
Votes
Tom Camarda
  • Investor
  • Los Angeles, CA
21
Votes |
85
Posts

Flip partnerships - what structure?

Tom Camarda
  • Investor
  • Los Angeles, CA
Posted

HI All,

I may be partnering with someone on a SFR fix n flip. Whats the best way to structure this? I would be putting up 50% of the funds needed to buy and rehab. Guessing we should start an LLC and do 50/50 membership ?

Thanks,

Tom

Most Popular Reply

User Stats

85
Posts
21
Votes
Tom Camarda
  • Investor
  • Los Angeles, CA
21
Votes |
85
Posts
Tom Camarda
  • Investor
  • Los Angeles, CA
Replied

@Jason Taken

This will be a cash close, so 1st position lien is a good suggestion. I am bringing 50% of the purchase and rehab cost in OPM. (Hard money) We have put our offer in, waiting to hear from the seller.

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