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Updated almost 7 years ago, 12/29/2017

Jackson Tate's profile image
Jackson Tate's profile image
Jackson Tate
Pro Member
  • Investor
  • from Brevard, NC
  • Member since May 25, 2017
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User Stats

54
Posts
8
Votes
Jackson Tate's profile image
Jackson Tate's profile image
Jackson Tate
Pro Member
  • Investor
  • from Brevard, NC
  • Member since May 25, 2017
Connect
Jackson Tate
Pro Member
  • Investor
  • Brevard, NC
8
Votes |
54
Posts
Buying & Selling Real Estate

Debt within an LLC/S Corp

Jackson Tate
Pro Member
  • Investor
  • Brevard, NC
Posted

I own one property with a partner/long time friend that is currently in an LLC.

We are planning to sell the property soon and move up into something better.

When we buy the new property under the same LLC or an S Corp, are we both INDIVIDUALLY saddled with the full amount of the loan?

  • Jackson Tate
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