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Updated about 7 years ago on . Most recent reply

Derrick Quarles's profile image
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Derrick Quarles
  • Investor
  • from Lexington, KY
  • Member since Oct 12, 2017
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Derrick Quarles's profile image
Derrick Quarles's profile image
Derrick Quarles
  • Investor
  • from Lexington, KY
  • Member since Oct 12, 2017
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Derrick Quarles
  • Investor
  • Lexington, KY
2
Votes |
7
Posts
Buying & Selling Real Estate

Investing through a LLC

Derrick Quarles
  • Investor
  • Lexington, KY
Posted
Is it worth it to create an LLC when investing in commercial property with a partner? What are the major benefits? We found a great deal and the numbers add up. Will we be able to receive better financing by going through our LLC? Enlighten me about using an LLC for our investment portfolio
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Brian Schmelzlen's profile image
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Brian Schmelzlen
  • Accountant
  • from La Mesa, CA
  • Member since Nov 26, 2017
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Brian Schmelzlen's profile image
Brian Schmelzlen
  • Accountant
  • from La Mesa, CA
  • Member since Nov 26, 2017
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Brian Schmelzlen
  • Accountant
  • La Mesa, CA
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477
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Brian Schmelzlen
  • Accountant
  • La Mesa, CA
Replied

If you have a partner, it is irresponsible to operate as a general partnership (the default if you are partnering and did not formally create an entity). The legal liability is not worth it.

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