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Updated over 8 years ago on . Most recent reply

Jason Noah Choi's profile image
Jason Noah Choi's profile image
Jason Noah Choi
Pro Member
  • from Jersey City, New Jersey
  • Member since Jul 30, 2016
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35
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Jason Noah Choi's profile image
Jason Noah Choi's profile image
Jason Noah Choi
Pro Member
  • from Jersey City, New Jersey
  • Member since Jul 30, 2016
Connect
Jason Noah Choi
Pro Member
  • Jersey City, NJ
17
Votes |
35
Posts
Buying & Selling Real Estate

LLC Buyout for investment property

Jason Noah Choi
Pro Member
  • Jersey City, NJ
Posted

How would it work to buy out an LLC to take on a property? Is this similar, in fact, to a seller financing or paying all cash? I get that I would be buying out the shares for the individual who holds all the shares within the established LLC, and it seems there will be no closing costs. I'd love to hear anyone's thoughts on benefits and drawbacks to taking on property this way.

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