@Dylan TranIt appears that the LLC has 3 members and it made a total of $30,000 profit in 2017.It also appears that the activity of the partnership is flipping homes.If this is the case - the partnership will file a partnership return and provide each member with a K-1 listing out $10,000 of ordinary income that is subject to self-employment tax.

I’m looking to become more active in REI and utilize the equity I’ve built out in my property. 

We each have a strong work ethic, and we are well positioned to push each other to achieve our potential.I come to this community seeking advice, guidance and vicarious experience.

I'm sure the debt you'd have to service on this loan would be less expensive than a hard money loan, also this option keeps your cash reserves higher thus your risk exposure down - as you would only have to make monthly payments and come out of pocket for the renovations.Just make sure to do the necessary renovations to get the dollar value you are seeking on the sale and I'm sure this opportunity could be the one to get the confidence under your belt to continue investing down the road!

I thought a broker license had to be hung under a managing broker to be active.

I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible. 

Raising capital has important legal considerations so seek out a competent attorney w/SEC experience in doing syndications. 

@Brenda Wright Why are you paying cash for properties and seeking a HELOC right after? 

On one hand we have a full fledged active company that requires employees in the following departments; marketing, sales, maintenance, HR, property management, administration & customer service.

Seek out this person and say to them " I am a new investor, I'm trying to get my feet wet but I want to start analyzing properties so that I can narrow down exactly what I want.