Updated over 5 years ago on . Most recent reply
Advice for Investment Property Partnership Structure
Person A + B want to partner on an investment property. Person A will take out the loan in his name, while Person B is not on the loan. However, Person B agrees to manage the property until ~year 3, when person A + B jointly refinance.
Additionally person A + B will enter into an operating agreement which binds both parties to these conditions and offers 50/50 equity in property.
How do we structure this legally while minimizing the liability, in absence of a LLC.
Side question:
Are there different lending rates between a LLC and an individual? What is typically preventative from going the LLC route?