6 photos by @breakfast-for-cereal

Game changer structure for buyers and sellers. Preferred equity (aka an equity carry) is like the Morby Method—but without a second lien. It opens the door to more lenders. Gives the seller more protection. Keeps the buyer in control. And increases your chances of closing. Instead of putting the seller in second position, they’re added to the operating agreement—making them an equity partner. No foreclosure needed if the buyer defaults—they just take the property back. It’s fast. Clean. And more