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Updated over 10 years ago on . Most recent reply
How Can I better structure a International Partnership? International Investor with $1.5 Millions to invest? scam or not?
I am a beginner Real Estate Investor operating in the State of Pennsylvania. throughout friendship and networking I have developed local as well as International Connections and they requested me to fund me a Personal Loan of $1.5 Millions for a 10% fixed Interest for 5 years with a Balloon Payment at the end of the 5 years, The Funding will be used for my Real Estate Investment Business (Buying & Selling Houses, Buying & Holding Houses ) . He sent me a Promissory Note. i'm planing on creating an LLC and a Operating Agreement spelling out our partnership. I want to find out the Legitimacy of the Funds and the partnership since he's located in Nigeria. Also wanting to know how can i better structure the agreements and paperwork needed. Any advice will be Highly Appreciated.
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- Real Estate Professional
- West Palm Beach, FL
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Run forest, run! This is probably their sister business to the lottery processing/notification business. You will be milked for all kinds of processing, documenting, etc fees, as much as they can get out of you.....and the loan will never happen.