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LLC Startup LLC
aitch
subscriber Posts: 1
Hi Everyone!
I have a question. My brother, who does not live here and has never been an American resident, wants us to buy an apartment/condo as an investment property. The scenarios we are seeing as possibles are the followings:1) Buying it as a LLC2) Buying it as individuals3) Getting a mortgage4) Paying cash.The best scenario for us would be 1) and 3).We are looking for advise to know better the pros and cons of purchasing a property as an individual or as an LLC. I understand that the limited liability is important, but I think that also there is some other economic advantages... right?Is it difficult to get financing under an LLC as opposed to owning it personally? Best!
I have a question. My brother, who does not live here and has never been an American resident, wants us to buy an apartment/condo as an investment property. The scenarios we are seeing as possibles are the followings:1) Buying it as a LLC2) Buying it as individuals3) Getting a mortgage4) Paying cash.The best scenario for us would be 1) and 3).We are looking for advise to know better the pros and cons of purchasing a property as an individual or as an LLC. I understand that the limited liability is important, but I think that also there is some other economic advantages... right?Is it difficult to get financing under an LLC as opposed to owning it personally? Best!
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