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Updated about 7 years ago on . Most recent reply

Jackson Tate's profile image
Jackson Tate's profile image
Jackson Tate
  • Investor
  • from Brevard, NC
  • Member since May 25, 2017
Connect

User Stats

54
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8
Votes
Jackson Tate's profile image
Jackson Tate's profile image
Jackson Tate
  • Investor
  • from Brevard, NC
  • Member since May 25, 2017
Connect
Jackson Tate
  • Investor
  • Brevard, NC
8
Votes |
54
Posts
Private Lending & Conventional Mortgage Advice

Debt in relation to an LLC/S Corp

Jackson Tate
  • Investor
  • Brevard, NC
Posted

I own one property with a partner/long time friend that is currently in an LLC.

We are planning to sell the property soon and move up into something better.

When we buy the new property under the same LLC or an S Corp, are we both INDIVIDUALLY saddled with the full amount of the loan?

  • Jackson Tate
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