Updated over 4 years ago on . Most recent reply
LLC Structure Question
Hey guys! I have been in contact with an out of state investor about partnering up on some flips...he would provide 100% of the capital and I would manage the projects. The idea would be to form an LLC for any given project but my question is this:
In order to get a lower origination fee and interest rate from Lima One Capital they would like to see my past flipping history. Is there any way I can be on the LLC to receive those lower rates but should anything go wrong, my business partner has 100% ownership in the property? Is this something we could draw up separately in a partnership agreement?
Most Popular Reply
@Brandon Sturgill thank you for the free advice! The flipping part I understand....the legal jargon is somewhat new to me.