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Updated almost 3 years ago,
Buying vacation home / STR should I bother with an LLC?
Buying a beach vacation property that will be used as an STR for about 48 weeks out of the year, should I place this property in an LLC?
I will have significant equity in the property with only about 30% of the purchase price holding a mortgage note via family. My plan is to start with a property management company (PMI) and go from there.
Attorney is saying buy it via an LLC but I am concerned I may be over complicating things. Any thoughts?
I tried searching this topic in the forums as I'm sure its been asked but can't figure out how to isolate "STR & LLC".
Thanks!