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Updated about 1 year ago on . Most recent reply

Yinan Q.'s profile image
Yinan Q.'s profile image
Yinan Q.
  • Engineering Consultant, Investor
  • from Seattle, Washington
  • Member since Mar 3, 2013
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Yinan Q.'s profile image
Yinan Q.'s profile image
Yinan Q.
  • Engineering Consultant, Investor
  • from Seattle, Washington
  • Member since Mar 3, 2013
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Yinan Q.
  • Engineering Consultant, Investor
  • Seattle, WA
61
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Goals, Business Plans & Entities

Two LLCs own one property?

Yinan Q.
  • Engineering Consultant, Investor
  • Seattle, WA
Posted

My partner and i are planning to buy a property. We each have our own LLCs. I am wondering  if we can fund the property with our LLCs 50:50? 

In other words, can a property be owned by two LLCs? This way we don't have to form another LLC and all paperwork and band account associated with that LLC.

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Jerry W.'s profile image
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Jerry W.
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  • from Thermopolis, Wyoming
  • Member since Sep 26, 2012
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Jerry W.
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Jerry W.
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Jerry W.
  • Investor
  • Thermopolis, WY
ModeratorReplied

Yes, I assume you will use tenants in common hehe.

  • Jerry W.
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