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Updated almost 10 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Susanne Walker
  • Involved In Real Estate
  • Yonkers, NY
2
Votes |
8
Posts

Can I buy a Co-op as an LLC?

Susanne Walker
  • Involved In Real Estate
  • Yonkers, NY
Posted

Hi Bigger Pockets Experts...

1. Is it a good idea to buy a Co-op through my LLC. It appears easier to buy it as an individual because I may get push back from a Co-Op board who dislike LLCs because they categorize them as investors.

2. I can't afford big ticket real estate purchases right now so my goal is to use an LLC to buy undervalued 1 or 2 bedroom Co-op apartments and rent them out. Does anyone one know if that's a good strategy? I'm in Yonkers, NY.

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