Updated almost 3 years ago on . Most recent reply
multi-property package deal structure
Looking for advice on structuring a three-property multifamily package with two investors.
The package includes two duplexes and a triplex for a total of seven units plus a buildable vacant lot adjoining one of the duplexes.
Sale price for the package is $350k. Local credit union will finance the multi-property package with 20-25% downpayment and I have two investors helping me cover the roughly $90k for downpayment and closing costs.
I am looking for advice on how to structure the deal with my investors and divide the equity, cash flow and ownership.
Appreciate any insight or experience anyone can share. Thanks!
Most Popular Reply
@Andrew Tyrrell form an LLC with 3 members would simplify matters. Run all income and expenses in the LLC. All the best!