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Updated about 3 years ago on . Most recent reply

Hans C Hormann's profile image
Hans C Hormann's profile image
Hans C Hormann
  • Member since May 26, 2020
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16
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1
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Hans C Hormann's profile image
Hans C Hormann's profile image
Hans C Hormann
  • Member since May 26, 2020
Connect
Hans C Hormann
1
Votes |
16
Posts
General Real Estate Investing

Second home ->LLC-> added owner querstion

Hans C Hormann
Posted

Okay so here is a question. I haver a friend buying his first vacation rental/second home. We are goin in as partners, he is buying it initially and I am doing the setup/teaching him how its done. That being said when all is done purchase and setup we will be about 50/50 investment wise. The idea we have is for him to open an LLC then transfer the property/loan to the llc and then add me to the llc after. Does that make sense? Anyone done this?

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