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Updated over 8 years ago,

User Stats

5
Posts
1
Votes
Jen Teske
  • Real Estate Agent
  • Edwardsville, IL
1
Votes |
5
Posts

Purchasing and an LLC

Jen Teske
  • Real Estate Agent
  • Edwardsville, IL
Posted

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.

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