Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

10
Posts
2
Votes
Giovanni Pisano
Pro Member
  • Real Estate Agent
  • Pembroke Pines, FL
2
Votes |
10
Posts

How to structure a flip with a partner?

Giovanni Pisano
Pro Member
  • Real Estate Agent
  • Pembroke Pines, FL
Posted

I would like some advice on how to structure a flip with a new partner. I have done a few flips already using my LLC and hard money. However, I have a partner interested in doing the next one. We will be using a hard money loan to fund the deal and sharing the costs of the down payment and repairs 50/50. Can the property be bought using 2 LLC's or should we open a new LLC together? I assume a new checking account will have to be opened in both our names but how will that work with 2 LLC's if we are able to go that route? Any other advice that someone can provide would be appreciated. Thank you in advance.

  • Giovanni Pisano
  • Loading replies...