LLC Structure for Private Money

[James Letchford]

BP: Does anyone have any advice on how to structure an LLC with someone providing private money that would only like return on their money?

I.e., I'm doing BRRRRs and would like to pick up another property utilizing some money my buddy would like to put to work. In order for the money to be good for a loan, I'll need to structure some sort of LLC between the two of us. However, when I refinance the property, the entire loan and deed should be in my name.

Any inputs are greatly appreciated.