How to structure this offer under a deadline
I'm a realtor in the hot market of South Florida. My husband and I have someone willing to fund a cash purchase of a home here, we oversee repairs, and flip the home for a profit. Basically, they put up the money and we make sure the work is done and handle the buying and selling. Profits are to be distributed among the parties as agreed upon.
We identified an REO property and need to submit a highest and best offer by tomorrow afternoon. We have a proof of funds, but only in the funder's personal name. I'm not sure we have time to create an LLC with all 3 of us, or maybe we do so that we can show articles of incorporation with the offer?
Time is ticking, but we really want to purchase this property as it has a lot of potential. Any advice as to what we can do to make this work?
Thanks in advance.