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Updated over 17 years ago on . Most recent reply

User Stats

1,462
Posts
9
Votes
Calixto Urdiales
  • Residential Real Estate Agent
  • Los Angeles, CA
9
Votes |
1,462
Posts

To LLC or not to LLC??

Calixto Urdiales
  • Residential Real Estate Agent
  • Los Angeles, CA
Posted

Hello there everyone in biggerpockets,

Now lets see I need a little advice on what I should do over the next few weeks about a current situation that was brought to my attention! It is a family matter and it needs to be taken care of and out of everyone in my family I seem to be the one that's going to make the most informative conclusion! My grandmother is getting to the point where she is not going to be able to make both her house payment nor the property taxes to keep her home! Now I was wondering if I take care of the current loan on the house and assume her taxes what would be the best route to take? Should I assume the house and keep paying the property taxes under my name or should I assign it to an LLC?

If I can get some input I would really apperciate it, thank you all for your time and have a wonderful biggerpockets day!!

Real Estate Investing is a :shoot: I love Pat Benatar!!

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