Question on Series LLC (SLLC)
Hello. Does anyone know how the below scenario would work out?
Four partners investing in real estate under a Series LLC operating in the state of Texas.
What happens when we transfer money for a downpayment to a specific partner who will then take out a conventional loan? (Or if we transfer the money after the fact to reimburse the partner who paid upfront.)
Our lender is accepting of a deed transfer to a land trust.
Thanks!