Tax Attorney or Real Estate Attorney?

[Mak R.]

Hello all,

Am in the process of purchasing a home. Debating beween buying under my name or an LLC. Which professional should I consult? Already have an LLC setup.

Any professional  recommendations in the Mason / Cincinnati area. 

Thank you,

Mak

[Basit Siddiqi]

Congrats on the home purchase!

Are you using a conventional(Fannie Mae/Freddie Mac) mortgage to acquire the home? If this is the case - They will likely want you to close on the home in your personal name.

If you are buying using a portfolio loan or all cash - you may have the option of purchasing it through an LLC. If you purchase it through an LLC - there may be some asset protection(consult an attorney).

Creating an LLC does not afford you any additional tax savings than if you owned it outright. Therefore; if i were to pick out of the 2; i would go with real estate attorney.

Let me know if you have any other questions.