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Updated almost 2 years ago on . Most recent reply
Selling the business vs selling a property
Hey all I have one LLC that owns one SFR that has been an STR for 6 years. We want to sell. I found a RE I really like. My friend who is half owner of the LLC says he wants to investigate selling the LLC instead of just the property.
Does anyone have experience selling an LLC that owns a single SFR? I saw some online content about selling an LLC but it was in the context of selling a portfolio of properties.
How does one go about selling the LLC? Is the RE involved or do we have to find the buyer ourselves? Any feedback on this topic is much appreciated! TIA!
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
Hey @David Siegel, so does the LLC have any other assets? If not then the LLC doesn't have any value really.
You can't use a mortgage to buy an LLC. There is really no upside from a buyers perspective. Not much for you either.