Partnership in LLC?
hello BP , I'm hoping for some seasoned advice on an idea. My brother in law wants to partner with me but just as a financial partner with no other interests in the property. Since we will be combining cash for down payments, would he necessarily need to be included in the ownership? our thoughts are that I would pay him back over time and then he would have no interest at all in any deals we get. I do plan to purchase an umbrella policy to help protect me. THe deal we are considering is a pair of duplexes. im sure there are some things/angles I havent considered here due to my I experience. thanks for your time.