All Forum Posts by: Austin Elm

@John Fortes, thanks for the tip as well. As long as my investors are active participants in the company (LLC), then I should be clear of all SEC regulations. Thank you.

@Alina Trigub, thanks for your input. Seems like there’s a lot of different ways to set these investor relationships up. I definitely want to avoid the securities setup for the investment. I think that every investing situation is unique, and it sounds like consulting an attorney and CPA needs to be the first step.

@Taylor L. I did not even consider this being a syndication deal so thanks for bringing that up. That would introduce a whole new can of worms.

I think for my situation a promissory note or LLC would be the best route to go. I will consult an attorney thanks for you response.

I was wondering if anyone could offer advice/strategy on how to bring an investor on board and provide them with a guarantee on the secondary position of a financed deal on a property. Basically I have identified a few properties and don't have the cash position to make a down payment on an offer, hence the need for an investor. I'm looking to bring in family/friends as investors but they need a "guarantee" that their dollars have secondary rights to the property in case of the deal going sideways (behind the bank). Creating a LLC as partners has been discussed but I'm curious if anyone has experience as to how to bring on an outside investor and give them secondary position to the property (behind the bank and before my interest/ownership). It has been discussed to be be 50/50 in terms of LLC ownership. Also, other entity setup is welcomed. Is this arrangement something that we can simply include in our operating agreement? Any suggestions would be appreciated.

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Curious what you all think about this deal?