50% Private & 50% LLC ownership

[Tony Kohnle]

I saw a deed and mortgage where ownership was split 50/50 between a (new) LLC and an individual. Is their any particular advantage to this? Or was it just individual preference of the partners?

My first thought was it might be for the individual to get easier financing but both names were on the mortgage from a commercial bank. I then thought it might ease a buyout, but isn't it easier to change an LLC's ownership than have redo the title and mortgage. I have never seen it before and it's got me scratch my head.

[Lee Ripma]

@Tony Kohnle

The reason I have done this is to seperate my money from a 1031 exchange. I own 50% and the other owner has 50% instead of us owning 100% together. Lots of reasons to hold like this.