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Updated over 3 years ago on . Most recent reply

User Stats

15
Posts
7
Votes
Eric Kelly
  • Investor
  • NJ
7
Votes |
15
Posts

LLC vs Owning in my name- Legal Advise

Eric Kelly
  • Investor
  • NJ
Posted

I am in the process of purchasing my second rental property in Phoenix AZ, I currently have one in Myrtle Beach SC. I have an LLC set up in SC but it is set up as a Partnership as I split the first rental with a partner. How would it work if I was thinking of putting the AZ property into the same LLC but was not going into this deal with a partner. IF the deed of the property lies with the LLC would this other partner own equity in the property ?

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