I'm sorry my comments trigger you... this is Real Estate - this is not an everyone gets a trophy business like your 2nd grade soccer team. 

My understanding is: When an LLC only has one member, it is a disregarded entity, but LLCs with more than one member are partnerships for federal tax purposes. 

Off-Market, we worked with local brokers to identify a strategic vision and partnership to deploy capital for our fund How did you finance this deal?

. $3m project for 2 years just a random shot in the dark a couple of thousands while you're getting your entitlements and $10k for builders risk while it's under construction.Speak w/ your lenders before you pull any triggers... it's not just a remodel.

Yes, my Real Estate Agent Max Feinberg is outstanding and we've developed a great partnership that hopefully will last for many more deals to come!

Depending on the terms of her mortgage it likely trigger the due on sale clause which would allow the bank to foreclose if they so desired if they weren't paid out at closing.

So I pulled the trigger on an otherwise mediocre deal.

I was wondering if anyone had any information on how to structure a 3 way partnership.

But I have not pulled the trigger because deals are hard to find in my market and I have enough dry powder to take something down if the sky happened to part and something close to reasonable pops up.   

I had intentions to go do real estate full time in my area in a partnership with the agent I was working with but that didn't pan out..November 29th, 2018, my life changed forever.