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All Forum Posts by: Meena R.

Meena R. has started 1 posts and replied 2 times.

Hi, I bought my first commercial NNN property in South Carolina in 2023. My husband and I own purchased with 2 friends. The 2 friends did not want to create an LLC with all 3 partners prior to purchasing because they wanted to use proceeds from a 1031 exchange. We agreed to create an LLC for all 3 partners after property was purchased. Ownership structure is my husband and I own under our personal names and the 2 friends own under an LLC. The deed, loan docs, registration all included my name, husbands name, and LLC.

I realize now this was a huge mistake to not purchase under an LLC. The friends are unwilling to create and an LLC. What are my options now? Could I create an LLC with my husband and I? What would I need to update / re-file?

Hi All, I'm having a tough time renting a 3 bed SFH near Montgomery village (down the road from strawberry knoll elementary school). I've posted on Zillow, Trulia and the like, as well as Craigslist. Anyone here have suggestions on where else to advertise?