What else should I do to protect myself in flip partnership?

[Michael Nieves]

Quick backstory. I met my partner/agent when I inquired about a few apartment units as possible rental properties, she was giving me suggestions on how I could renovate the apartments and thus raise the rent, but being my first time I wasn't comfortable. Later on I approached her about possibly partnering on a flip, we agreed on a 50/50 split with me purchasing the property and her and her partner paying for renovations.

My worry is that my name is not on the title or in the LLC. We did write up an agreement stating I'd get my equity back+50% of profits, but I'm not sure if I should be adding anything else for my protection? Both partners are licensed real estate agents

[Brian Pulaski]

Did you ask for your name to be on the title or LLC and they said no, or did it not come up? You purchased the property with your funds correct? If so, how would they argue not having your name on the ownership papers.

I have never done something like this, but I would want to create an LLC that owns the property, and both are partners in the LLC. If you invested the money in to buying the house, at this point you are the full owner, as your partner has invested $0, correct?