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Updated almost 4 years ago on . presented by

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11
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1
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Samantha Baker
1
Votes |
11
Posts

Investor Contracts Needed

Samantha Baker
Posted

Does anyone have a contract or partnership agreement template they use when purchasing properties? We have 3 scenarios:

1. Investor wants to give us a loan for $50k with jumbo loan payback terms. We'll use the loan to purchase a new property. 

2. Investor wants to put all down payment and closing costs down ($50k total) to acquire a property while we oversea the renovations (sweat equity). We'll go in on this deal 50/50%

3. Crowd funding - 5 people want to put in $10k each ($50k total) to purchase a home. 

Does anyone have a partnership agreement they can share with me for either circumstance? Or something similar? How do you go about it when it's multiple partners? Do you open a new LLC with all partners? I'm open to all advice. Thanks in advance!