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Updated over 1 year ago, 04/17/2023
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!