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Updated over 3 years ago,
Family investing structure
I am investing with my 2 brothers and sister. We have put some money together and we are under contract on a single family rental property. Our banker and turnkey company suggested we purchase each property under one individual to make the loan process easier and utilize being able to purchase multiple mortgages under each name. I want to transfer the property into an LLC after we close. Just wondering if I put the LLC in only my name to get the individual tax benefits? I also want to know the best way to structure our business. Can we create a holding company LLC with all our names on it. Long post but just want to see what others typically do when their are multiple investors.