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We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
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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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