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Updated 4 months ago on . Most recent reply
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First deal -- How to structure Purchase Agreement with LLC and Conventional loan
I am starting out with REI and have some basic questions on proper way to sign the Purchase Agreements as buyer. I have a Master LLC and two sub entities as intent to have STR and LTR. For starting out, assuming we will go with a conventional 30 yr where we will be personal guarantors. Do we state that the Buyer is the LLC and sign as LLC or buyer is LLC and sign as Managing member underneath LLC? I want to make sure the Deed is held in the LLC for all the protection purposes
Thanks in advance!
Also, looking for mentor as starting out... note: I am in Nashville but looking for deals in other markets. This deal above is in small town in Southern Indiana