I just formed an LLC with 2 others. We're looking at purchasing properties through foreclosure, then relisting at later dates. All 3 of us have equal ownership in the LLC. We're looking to contribute equally on labor, but funds are going to be disproportionate, as I'll be utilizing a HELOC to cover what we don't equally put up in cash. My partners are going to guarantee their portion of the HELOC interest (and loss risk), with the principal being paid when a sale occurs.
My question is, what is a fair way to compensate me for using/tying up my equity? Should I charge the LLC an additional interest rate above and beyond the HELOC rate (if so, what sounds fair)? Should I just charge a couple of points payable upon witness of a profit? Any and all advice is very much appreciated.
My question is, what is a fair way to compensate me for using/tying up my equity? Should I charge the LLC an additional interest rate above and beyond the HELOC rate (if so, what sounds fair)? Should I just charge a couple of points payable upon witness of a profit? Any and all advice is very much appreciated.

