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Updated almost 8 years ago,
David ZhengPoster
#4 Real Estate Deal Analysis & Advice Contributor
#4 Real Estate Deal Analysis & Advice Contributor
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- Saint Louis, MO
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Do Properties in Soley Owned LLC count towards 10 Property Limit
David ZhengPoster#4 Real Estate Deal Analysis & Advice Contributor
#4 Real Estate Deal Analysis & Advice Contributor
- Investor
- Saint Louis, MO
I have a solely owned LLC with a commercial loan and one property on it.
I own 8 other properties under my personal name.
Right now I want to buy a primary for myself but recently I just saw an attractive 4 unit go up that I was to buy conventional to rent out. If I try to buy both I'll be at 11 properties total with 1 under the LLC.
I don't want to jeopardize a close so my question is....does that one property under my SOLELY owned LLC count towards my 10 limit or not?