Buying a LLC in Illinois

[Nazz Wang]

Hi BP Family,

Recently I have come across a seller who is selling his Series LLC in Illinois with a portfolio of rental properties. I have never bought a LLC before and really would like more guidance on how this is done.

The owner said the properties are under a Series LLC, and there is a current Bulk Loan in place. Does anyone have experience purchasing a series LLC? What are the financing options for such a purchase? I appreciate all your input. Thanks everyone!