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Updated almost 9 years ago, 02/22/2016

User Stats

37
Posts
8
Votes
Crystal Perez
  • New York City, NY
8
Votes |
37
Posts

LLC or no LLC that is the question

Crystal Perez
  • New York City, NY
Posted

Hello!

I have been looking into investing andI do have some questions. I would love to take advantage of some 1st time homebuyer opportunities, however, being this is intended to be an investment property I am under the impression this isn't possible.

I do also understand It is suggested I obtain a different LLC for every property I own. Is this correct?
Would insurance be able to cover an lawsuits if they were to occur?

Also is it possible to originally buy the home under myself personally then quitclaim deed it to an LLC later on to obtain these 1st time homebuyer credits?

Please et me know. I want to go about things the correct way.

Thank You!

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