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Updated over 9 years ago,

User Stats

27
Posts
4
Votes
Eugene Mar
  • Investor
  • Vancouver, BC
4
Votes |
27
Posts

Buy the LLC or buy the apartment

Eugene Mar
  • Investor
  • Vancouver, BC
Posted

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.

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