Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Purchasing and an LLC
I have an LLC for my real estate business (I am an agent - no investing yet). I am getting ready to move forward with purchasing a duplex for investment purposes. Should I purchase the business under my current LLC, and then create an LLC for that specific property? Or should I go ahead and create the LLC for the property and purchase under that LLC. I do have other significant assets I want to protect, so I know I want to go the LLC direction. Just not sure how I should make the initial purchase.