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Updated about 8 years ago on . Most recent reply

Brian Keeler's profile image
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Brian Keeler
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  • from New York City, New York
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Brian Keeler's profile image
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Brian Keeler
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  • from New York City, New York
  • Member since Sep 20, 2016
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Brian Keeler
  • Investor
  • New York City, NY
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Multi-Family and Apartment Investing

LOI and Entities

Brian Keeler
  • Investor
  • New York City, NY
Posted

Hello BP people!  

I am looking to put in an LOI on a property I have been looking at I just wanted to know if I should get my LLC first?

Thanks!

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Jeff Greenberg's profile image
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Jeff Greenberg
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  • from Camarillo, CA
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Jeff Greenberg
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Jeff Greenberg
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
Replied

You can put the loi and contract under your name and close under the LLC. The LLC will assume the contract before closing. With a small MF you may want to own several in the same LLC. As you get larger you should one in each LLC. This will help protect each property from the liabilities of the other as well as you.

  • Jeff Greenberg
  • Podcast Guest on Show #115
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