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After talking to another family member they said they would be willing to go in on the duplex and offered to pay the $40,000 down payment and help with any repairs but they want to be "partners" or "own" a percentage of the duplex.

A partner and I created a new LLC (51/49) in which two other LLC's have interest in.

🔥DEVELOPMENT UPDATE- GASTONIA 🔥📍 FUSE District (Franklin Urban Sports and Entertainment District) is transforming Gastonia with new residential, commercial, and entertainment spaces!This 16-acre mixed-use community br...

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

You may want to see if each partner has enough passive loss carryforward to offset the gain.

However, with your high W2 income and your partner’s weaker credit and cash flow, you might need to structure the agreement carefully.

Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.

LLCs are normal for CRE, so you divvy up the ownership interest how you and your capital partner(s) see fit.What's your specific question? 

Purchase price: $330,000 Cash invested: $360,000 A cash (silent) partner and I are buying this duplex, flipping it to an ARV of $460,000 then doing a cash out refi or selling it for a profit.