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Updated over 9 years ago,
Buy the LLC or buy the apartment
Hi,
Wondering if someone has some good insight to this. I am thinking of purchasing a large apartment complex that has been owned and operated by the same family for over 30 years. The properties have no mortgages.
Initially I was going to use my company to buy the buildings but now I am thinking if there is an advantage to buying the shares of their company instead. With over 30+ years I am sure the company will have good credit history. Perhaps I can use that to my advantage on my next acquistion. Of course, I will need to make sure that they are current on taxes and there are no liens or judgements.
Any comments will be appreciated.