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Updated almost 13 years ago on . Most recent reply

Swat Khan's profile image
Swat Khan's profile image
Swat Khan
  • Multi-family Investor
  • from Southern, California
  • Member since Jan 26, 2012
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56
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12
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Swat Khan's profile image
Swat Khan's profile image
Swat Khan
  • Multi-family Investor
  • from Southern, California
  • Member since Jan 26, 2012
Connect
Swat Khan
  • Multi-family Investor
  • Southern, CA
12
Votes |
56
Posts
Tax, SDIRAs & Cost Segregation

4 unit Multi-Family - Creating an LLC

Swat Khan
  • Multi-family Investor
  • Southern, CA
Posted

Hi biggerpockets!

First off love the forum!

We are submitting an offer on a 4 unit multi family with owner
occupying 1 unit. Owner would like to create an LLC for this multi-family property as well as each MF he buys for tax sheltering, asset protection, etc.

Should the owner create an LLC for the property now with the offer? Or can he transfer it later? How long will it take to create one for the property? Any way to speed it up?

Any other advice we should know about an LLC?

Thanks in advance.

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