Mortgage + Ben Interest in lieu of GP Agreement - Posted by Gene Texas
Posted by Gene Texas on September 07, 2003 at 22:14:02:
I’m wanting to get some money from private investor’s for my sub2’s & I’m wanting operational control. I want to give them a mortgage to secure their interest & place title into a Land Trust and have a beneficiary agreement as to how the costs and profits will be split. My question is what kind of document/entity should I use in the BI to accomplish this? I’m going this route so in my investor marketing I can say,“We are 50-50 partners”. Thanks for your response!!!