All Forum Posts by: Jonathon Leib
Jonathon Leib has started 9 posts and replied 15 times.
Post: partnership LLC structure

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
I'm wondering for those of you with partners, how you have structured the partnership. I have a few BRRRs under my belt, been investing for about 15 years with 8 units (triplex, 2 unit mixed use and 3 SFRs). I was approached by a friend who lives outside the US that is interested in building a portfolio and he has proposed the following:
We set up an LLC funded 75% him 25% me ($150K/$50K)
we split all income and profits 50/50
upon sale of any property, his 150 is received 1st, my 50 second and all profits above that are split 50/50
all he is contributing is $. He can't get a loan as a non US person. So leveraging my credit, experience, network, etc.
anyone have a set up like this? what else should i be thinking about? predetermined dates for one partner to liquidate? specific liquidity requirement? any thoughts?
Post: BRRRR in Philadelphia, your thoughts?

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
@Franky Aikens I have a house in point breeze and looking for contractor for renovations. Can you recommend the person you used?
Post: Philadelphia 3rd Story Addition Contractors

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
@Shawn Ryan also curious how this turned out. Did you add the 3rd floor? Who did you use and how did price compare to others?
Post: Anybody ever bought a property from a wholesaler in Philly?

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
I’m curious to chat with someone who had purchased from a wholesaler in Philly, particularly all cash deals. Financing ok too but really need some questions answered about cash offers. Anyone have experience?
Post: RE app that allows multiple watchlists?

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
I’m often looking at properties in multiple states and I’m wondering if anyone knows an app that allows you to create multiple watch lists. Currently I use the Redfin app but I have to have all of my favorites in one list. It’s becomes maddening searching thru 50 or more favorited properties in different states. Any suggestions?
Post: Heloc on investment property?

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
Thanks for your help!
Post: Heloc on investment property?

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
Awesome! Do you have a contact you can share or should I just reach out to the main number?
Post: Heloc on investment property?

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
Do you work for them?
Post: Heloc on investment property?

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
How long ago? Post Covid?
Post: Heloc on investment property?

- Rental Property Investor
- Philadelphia, PA
- Posts 15
- Votes 0
Anywhere to get a heloc on an investment prop these days? Looking for 75LTV credit over 750, Philadelphia area. Loan amount of 75k