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Updated over 2 years ago on . Most recent reply

Kay Kim's profile image
Kay Kim's profile image
Kay Kim
  • Real Estate Agent
  • from Boise, ID
  • Member since Feb 8, 2022
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Kay Kim's profile image
Kay Kim's profile image
Kay Kim
  • Real Estate Agent
  • from Boise, ID
  • Member since Feb 8, 2022
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Kay Kim
  • Real Estate Agent
  • Boise, ID
10
Votes |
46
Posts
Goals, Business Plans & Entities

Can I use my RE ivestment LLC for my realtor business as well?

Kay Kim
  • Real Estate Agent
  • Boise, ID
Posted

Hello, BP families,

I do have a multi-member LLC for RE investment properties. Now that I am starting a REALTOR business, can I use the LLC for my realtor business?

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Kevin Sobilo's profile image
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Kevin Sobilo
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo's profile image
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Kevin Sobilo
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
Replied

@Kay Kim, why do you think this would make sense to mix real estate investment with a new real estate brokerage?

Do all of your existing partners want to open this new brokerage? Keep in mind that opens the equity in the properties to judgments from the brokerage. With an active business like a brokerage where you will be supervising a bunch of agents there is more chance of being sued at some point. 

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