Trust or LLC for multiple Investors
I have a couple of investors that want to participate in a flip with me. I want to provide them collateral which would be the property. Does it make since to structure this in a trust with me as trustee and investors as beneficiaries based on percentages invested? Or do I create an LLC just for this property and have investors lend the LLC the money.
Investors will get 12% interest only payments until property is sold and then principal is returned.
Trying to come up with a creative way to do this and am open to any ideas.