Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

Account Closed
  • Houston, TX
5
Votes |
32
Posts

LLC funding another LLC

Account Closed
  • Houston, TX
Posted

My uncle who is my private lender has been allowing me to purchase single family houses under his LLC.

I started my own LLC and I am looking to start purchasing the houses under it.

What would be the best way for him to stay in first position, hold the deed, and be documented as the lender on the house but the house be in my LLC?

Thanks

Most Popular Reply

User Stats

10,252
Posts
16,111
Votes
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,111
Votes |
10,252
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

Of course he is "allowing" you to purchase houses under his LLC. Hopefully he is on the up and up. Are you a member of that LLC? Just a note to be careful, Ross. If you are not a member you have no ownership.

Loading replies...