Buying with Partners/ LLC

[Chris Daliani]

Hello,

I am looking to purchase a 3 family with 2 partners that we would be financing. This would be our first property together. My question is what are the pros/cons of buying it through an LLC right away...or buying it under our names at first and then switching to an LLC?

Thanks!

[Marc Dupuis]

Chris

when you get into a partnership if your not structured properly and your partners have some other issues that could affect your property. Also I think depending on the state that your in changing it later might trigger land transfer fees again, and from what I've seen on here some say the bank may call your mortgage due.