Buying the LLC containing the property you want.

[Stian Birkeland]

Hi. I am a foreigner living in Europe, but wanting to invest in multifamily in the US. I have been looking into the many advantages to buying the entity (the LLC) instead of the property itself. This would serve me in a number of ways: - Get me a legal entity to hold my asset. Shortcut to set up all systems I need to get a running start in the US. - A number of advantages with just buying the LLC. No transfer fees, defer property tax re-assesment, etc - Tax advantages when owning an LLC as a non resident. - Single member LLCs - for easier closing - single purpose, preferrably newly formed just for the purpose of selling the property. - indemnity for unknown liabilities. I see a few disadvantages. Financing may be harder to get. So I want to focus on motivated sellers and seller financing. Costly due dilligence in some cases. What do you guys think? Anybody here that has any experience in these matters? Stian