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Updated almost 16 years ago,

User Stats

9
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0
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David Ferguson
  • Richmond, VA
0
Votes |
9
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Duplexe buying with father LLC???

David Ferguson
  • Richmond, VA
Posted

Hey everyone,

I know that this will be different from state to state, but I am planning on purchasing a duplex or a quadplex with my father having the intentions of living in one and renting out the other(s)

I was wondering if an LLC would be a good vehicle to go with in this situation so that we have some protection. I know that the loan rates would be higher and they would probably be more stringent, but I just wanted to check in with you all and see.

Thanks