Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

17
Posts
4
Votes
Sudhir N.
4
Votes |
17
Posts

Single purposes LLC creation

Sudhir N.
Posted

I live in CA and my business partner in PA. We are looking to buy a 6 unit multifamily property in PA that'd come under commercial mortgage. How would we create a single purpose entity / LLC that will have only the property as asset? Should it be Delaware/ Nevada based kind of LLC that would have both me and my partner? Or create one in PA because that's where the property is? What are the ways to set one up? I am venturing into commercial mortgage space for the first time and hence this fundamental question. Thanks for being generous with your time and knowledge.

Loading replies...