Michael Blank

March 13, 2025

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The promissory note is referenced on the deed, which is then recorded.

This secures the investors interest, and you cant sell the asset before the investor is paid back.

This kind of LLC arrangement is fairly standard, and your attorney will normally charge you around $1,300 to draft an operating agreement that reflects your wishes.

This makes the members silent investors.

The investor gives you cash and gets a promissory note in return.

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